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Dec 1: ABC Inc. repurchased 15,000 shares of stock when the market price was $1 per share. Dec 5: ABC Inc. resold 4,000 shares of

Dec 1: ABC Inc. repurchased 15,000 shares of stock when the market price was $1 per share. Dec 5: ABC Inc. resold 4,000 shares of the reacquired stock when the market price was $1.50 per share. Dec 23: ABC Inc. resold 5,000 shares of the reacquired stock when the market price was $0.25 per share. Prepare any necessary journal entries

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