Class Discussion Exercise - Treasury Stock Washington Company has the following stockholders' equity accounts at December 31, 2020. Common Stock (S100 par value, authorized 8,000 shares) $480,000 Retained Earnings 294,000 Required: Prepare entries in journal form to record the following transactions which took place during 2021 using first the cost method, and second the par value method for treasury stock transactions. 1. 280 shares of outstanding stock were purchased at $97 per share 2. A $20 per share cash dividend was declared. 3. The dividend declared in (2) above was paid. 4. The treasury shares purchased in (1) above were resold at $102 per share. 5. 500 shares of outstanding stock were purchased at $105 per share. 6. 350 of the shares purchased in (5) above were resold at $96 per share