Blue Spruce Corp had the following stockholders' equity accounts on January 1, 2019: Common Stock $5 par) $503,500, Paid-in Capital in Excess of Par-Common Stock $190,210, and Retained Earnings $108,610. In 2019, the company had the following treasury stock transactions Mar. 1 Purchased 5,660 shares at $6 per share. Sept. 1 Sold 1,430 shares at $10 per share. Dec. 1 Sold 1,040 shares at $6 per share. Blue Spruce Corp uses the cost method of accounting for treasury stock in 2019. the company reported net income of $26,180 (a) - Your answer is partially correct. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2019, 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. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 " Treasury Stock June 1 Cash Treasury Stork Paid-in Capitalfrom Treasury Stock Sept. 1 Cash Treasury Stock Paid-in Capital from Treasury Stock Dec. 1 Cash Paid-in Capital from Treasury Stock Treasury Stock Dec. 31