CALCULATOR BACK NEXT -- Problem 13-02A - Blue Spruce Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock (84 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings $110.000. In 2020, the company had the following treasury stock transactions Mar. 1 Purchased 6,000 shares at 58 per share. June 1 Sold 1,000 shares at 513 per share Sept.1 Sold 2,000 shares at $10 per share. Dec. 1 Sold 1,500 shares at $7 per share. Blue Spruce Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported income of $28,000 Journalize the treasury stock transactions, and prepare the closing entry of December 31, 2070, for net income. (Record rumalantes in the order presented in the problem Credit account titles are automatically indented when amount is entered. Do not indent manually Date Accountities and Explanation De Credit Dec. 1 > SCHOTE Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post entries in the order of Journal em Pald-In Capital from Treasury Stock Treasury Stock > Retained Earnings SHOW LIST OF ACCOUNTS OURCES ment Prepare the stockholders' equity section for Blue Spruce Corporation at December 31, 2020. (Enter the account name only and provided in the question.) BLUE SPRUCE CORPORATION Balance Sheet (Partial) -02 3-03 2-06 > Study CALCUL URCES rent 05 Study Click If you would like to Show Work for this question: Open Show Work