Ex. 15-134-Treasury stock. Ellison Company?s balance sheet shows: Common stock, $20 par $3,000,000 Paid-in capital in excess of par 1,050,000 Retained earnings 750,000 Instructions Record the following transactions by the cost method (a) Bought 5,000 shares of its common stock at $29 a share. (b) Sold 2,500 treasury shares at $30 a share. (c) Sold 1,000 shares of treasury stock at $26 a share. Ex. 15-134-Treasury stock. Ellison Company?s balance sheet shows: Common stock, $20 par $3,000,000 Paid-in capital in excess of par 1,050,000 Retained earnings 750,000 Instructions Record the following transactions by the cost method (a) Bought 5,000 shares of its common stock at $29 a share. (b) Sold 2,500 treasury shares at $30 a share. (c) Sold 1,000 shares of treasury stock at $26 a share