Beta, Inc., had the following equity as of December 31, Year 1: Common shares, 1,000,000 shares authorized, $2,000,000 200,000 shares issued Retained earnings 1,500,000 The following transactions related to the company's shares took place during Year 2: Mar. 1 Purchased 11,000 treasury shares for $12 per share. May 5 Sold 5,000 treasury shares for $11 per share. Oct. 12 Sold 1,000 treasury shares for $14 per share. Prepare the journal entries to record the transactions. (6 marks)