courses/35550/quizzes/secureditlockdown D Question 1 24 pts A company reported the following stockholders' equity on January 1 of the current year: rch Common stock, $10 par, 1,000,000 shares authorized, $2,500,000 250,000 shares issued Paid-in capital in excess of par, common 1.260,000 Retained earnings 1.675.000 Total stockholders' equity $5,435,000 Prepare journal entries for the following selected transactions related to this company's stock during the current year: Mar 1 Purchased 10,000 shares of treasury stock for $18 per share May 5 Sold 4,000 shares of treasury stock for $16 per share Oct 12 Sold 2,000 shares of treasury stock for $19 per share HTML Editor BIVANI E * TTTT: 12pt Paragraph I . "85,000" S & 2 3 % 5 4 6 7 8 CO 0