Cortex Corporation had the following stockholders equity as of January 1, 2020: Common stock, $5 par value, 20,000 shares issued $100,000 Paid-in Capital in Excess of Par Common Stock 300,000 Retained earnings 320,000 Total Stockholders Equity $720,000 During 2020, the following transactions occurred: Feb. 20 Cortex repurchased 2,400 shares of treasury stock at a price of $19 per share. Mar. 11 800 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 21 500 shares of treasury stock repurchased above were reissued at $14 per share. Apr. 11 600 shares of treasury stock repurchased above were reissued at $20 per share. April 25 The remaining shares of treasury stock were retired. Required: (1) Prepare the journal entries to record the treasury stock transactions in 2020, assuming Cortex uses the cost method of recording treasury stock.

(4) (a) Prepare the stockholders equity section as of April 30, 2020. Net income for the first 4 months of 2020 was $130,000. (Please do both Cost method and Par Value- Thank you)