California Surf Clothing Company issues 1,400 shares of $2 par value common stock at $28 per share. Later in the year, the company decides to repurchase 160 shares at a cost of $49 per share.

1. Record the transaction if California Surf reissues the 160 shares of treasury stock at $52 per share. (If no entry is required for an event, select "No journal entry required" in the first account field.)

Cash:
	Treasury stock:
	Additional paid-in capital:

2. How would the entry be different if the shares reissue at $38 per share rather than at $52 per share? (If no entry is required for an event, select "No journal entry required" in the first account field.)

Cash
	Additional paid-in capital
	Treasury stock