common stock issued On February 1, 201o 20re 2000 shres of treasury stock for S1s per share and later sold the treasuty shares to 2, 2010. The entry to rocoed the purchase of the treasury shares on February, lanuary 1 . 2010, Belmont Coporation had 50,000 shares of s10 par value 36,000 a. Cash 36,000 30,000 6,000 Treasury Stock-Conmon Gain on Treasury Seock-Common Treasury Stock, Common e. Loss on Treasury Stock-Common Cash d. Treasury Stock, Common Cash e. none of the abowe Use the following information to answer the question below The following transactions involving Lupine Corporation oocurred during the year 15. Ape. I Purchased 2,000 shares of its own preferred stock for $20, the current market price. This is the first transaction involving its own stock engaged in by the company May 3 Sold 400 of the shares purchased on April 1 for $25 per share. June 5 Retired 600 of the shares purchased on April 1. The original issue price was S10. The par value of the stock is $5, The entry to recoed the June S transaction is a. Preferred Stock 3,000 3,000 6,000 Additional Paid in Capital, Preferred Treasury Stock, Preferred b. Treasury Stock, Preferred Cash c. Cash 3,000 Treasury Stock, Preferred 3,000 d. Preferred Stock Additional Paid in Capital, Preferred Retained Earnings 3,000 3,000 6,000 Treasury Stock, Preferred 12,000 e. none of the above 16. Use the following information to answer the question below On January 1, 2010, Falcon Corporation had 40,000 shares of S10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 2010, Falcon purchased 3,100 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 2010