Clarkson, Inc. is authorized to issue 1,000,000 shares of $.50 stated value common stock. The company had the following transactions affecting stockholders' equity during 2018. Prepare the necessary journal entries. February 16 - the company issued 150,000 shares of $.50 stated value common stock at $60 per share. August 8 - the company repurchased 10,000 shares of its $.50 stated value common stock for $50 per share. November 12 - the company sold 4,000 shares of its treasury stock at $52 per share. December 17 - the company sold 5,000 shares of its treasury stock at $48 per share