CALL NET Problem 13-02A - (Part Level Submission) Sheffield Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock (34 par) 3440,000, Padin Capital in Excess of Per-Common Stock 210.000 and R Earings $110.000. In 2020, the company had the following treasury stock transactions ed Mar. 1 Purchased 5,500 shares at 59 per share. June ! Sold 1,000 shares at $12 per share. Sept.1 Sold 1,000 shares at $11 per share. Dec. 1 Sold 1,000 shares at 57 per share, Sheffield Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $30,000 Journalise the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income. (Record journal entries in the order presented in the problem. Cred account tities are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation MacBook Pro SHOW LIST OF ACCOUNTS Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings (Post entries in the order of journal entries presented in the previous part.) Pald-in Capital from Treasury Stock LINK TO TEXT LINK TO TEXT FLINT CORPORATION Balance Sheet (Partial) Click if you would like to Show Work for this question Open Show Work