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Treasury Stock Transactions

Sun Dance Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On June $3$ of the current year, Sun Dance Gardens Inc. reacquired $15,200$ shares of its common stock at $$41$ per share. Sun Dance had not previously purchased any treasury shares.

a$.$ What is the balance of Treasury Stock on December $31$ of the current year?

$fill in the blank $1$

b$.$ How will the balance in Treasury Stock be reported on the balance sheet?

a decrease in total stockholders' equity

c$.$ Assume that Sun Dance Gardens sold $9,600$ shares of its treasury stock at $$45$ on November $2.$ What accounts would be affected by the sale of the treasury stock?

Paid$-$In Capital from Treasury Stock

increases

by $fill in the blank $4$

Cash

increases

by $fill in the blank $6$

Treasury Stock

decreases

by $fill in the blank $8$