em 8.(6 pts) Huxley, Inc. articles of incorporation authorized the issuance of 130,000 common shares. The transactions described below effected changes in Huxley, Inc.'s outstanding shares. Prior to the transactions, Huxley, Inc.'s shareholders' equity included the following: Shareholders' Equity Common stock, $2 par Paid-in capital-excess of par Retained earnings $100,000 300,000 210,000 Assuming that Huxley, Inc. retires shares it reacquires (restores their status to that of authorized but unissued shares), record the appropriate journal entry for each of the following transactions: a. On January 7, Huxley, Inc. reacquired 20,000 shares at $7.00 per share. After the purchase of the 20,000 shares, what are the balances of the paid in capital accounts, list the accounts and their balances. Account Balance Pag