eBook Show Me How Treasury Stock Transactions Mystic Lake Inc, bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,400 shares of its common stock at 584 per share. On September 22, Mystic Lake sold 3,100 of the reacquired shares at $91 per share. The remaining 1,300 shares were sold at $80 per share on November 23 a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, teave It blank July 9 Sept. 22 Nov. 23 H1 w b. What is the balance in Pald-in Capital from Sale of Treasury Stock on December 31 of the current year? c. For what reasons might Mystic Lake Inc. have purchased the treasury stock