Concord Corporation purchased 3,000 shares of its $5 par value common stock for a cash price of $10 per share. Two months later, Concord sold the treasury stock for a cash price of $8 per share. Prepare the journal entry to record the sale of the treasury stock assuming (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually) (a) No balance in Paid-in Capital from Treasury Stock. (b) A $4,100 balance in Paid-in Capital from Treasury Stock. No. Account Titles and Explanation (a) Cath Retained Earnings (b) Debit 24,000 Credit