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Problem 13-02A a-c Bridgeport Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par-Common Stock $200,000, and Retained Earnings $120,000. In 2020, the company had the following treasury stock transactions. Mar. 1 Purchased 6,500 shares at $9 per share. June 1 Sold 1,000 shares at $13 per share. Sept. 1 Sold 1,500 shares at $10 per share. Dec. 1 Sold 1,000 shares at $7 per share. Bridgeport Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $29,000. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Treasury Stock Retained Earnings Prepare the stockholders' equity section for Bridgeport Corporation at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) BRIDGEPORT CORPORATION Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show Work