Brief Exercise 10-43 (Algorithmic) Accounting for Treasury Stock On August 19, 2019, Portland Corporation repurchases 8,900 shares of its outstanding common stock for $16 per share. On October 31, 2019, Portland sells 4,450 shares of treasury stock for $20 per share. Any additional sales of treasury stock during the year were sold for $11 per share. On December 31, 2019, Portland had no remaining treasury stock. Required: Prepare the necessary journal entries to record any transactions associated with treasury stock. 2019 Aug. 19 Treasury Stock Cash Oct. 31 Cash Treasury Stock Additional Paid-In Capital-Treasury Stock Nov. 17 Cash Additional Paid-In Capital-Treasury Stock Retained Earnings Treasury Stock