B & S Inc, is a bicycle wholesaler located in Arizona. During its current fiscal year ended December 31, 2016, B & S Inc. completed the following selected transacts: Purchased 4,000 shares of its own stock at $24. (Prior to the purchase, there were 52,000 shares of $21 par common stock outstanding.) Declared a $.90 dividend per share on the common stock to stockholders of record on March 15, payable on April 1. (Caution: Be sure to determine which shares are both issued and outstanding.) Paid the cash dividends. Sold 2, 800 shares of treasury stock at $26, receiving cash REQUIRED Journalize the entries to record the transacts for B & S Inc. (Omit explanations)