Frontier Amusements Corporation had the following stockholders' equity on November 30: EEB (Click the icon to view the stockholders' equity.) On December 30, Frontier purchased 125 shares of treasury stock at $13 per share. Requirements 1. Journalize the purchase of the treasury stock. 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. Assume the balance in retained earnings is unchanged from November 30. 3. How many shares of common stock are outstanding after the purchase of treasury stock? Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 30