Coastal Corporation issued $25,000$ shares of $$11$ par value common

stock at $$22$ per share and $6,000$ shares of $$56$ par value, eight

percent preferred stock at $$84$ per share. Later, the company

purchased $3,000$ shares of its own common stock at $$26$ per

share.

a$.$ Prepare the journal entries to record the share issuances and

the purchase of the common shares.

b$.$ Assume that Coastal sold $2,000$ shares of the treasury stock at

$$30$ per share. Prepare the general journal entry to record the sale

of this treasury stock.

c$.$ Assume that Coastal sold the remaining $1,000$ shares of treasury

stock at $$19$ per share. Prepare the journal entry to record the

sale of this treasury stock.