Before Gordon Corporation engages in the treasury stock transactions listed below, its general ledger reflects, among others, the following account balances(par value of its stock is $10.00 per share).

Paid-in Capital in Excess of Par - C. S.			Common Stock		Retained Earnings
$108,000			$220,000		$40,000

Before Gordon Corporation engages in the treasury stock transactions listed below, its general ledger reflects, among others, the following account balances Instructions: Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (d) Sold 130 shares of treasury stock at $28 per share. (e) shares are outstanding now