I A company reported the following stockholders' equity on January 1 of the current year: ...... ... ..... Common stock, $10 par, 1,000,000 shares $2,500,000 authorized, 250,000 shares issued Paid-in capital in excess of par, common 1,260,000 Retained earnings 1.675,000 Total stockholders' equity $5,435,000 Prepare journal entries for the following selected transactions related to this company's stock during the current year: Mar. 1 Purchased 10,000 shares of treasury stock for $18 per share. May 5 Sold 4,000 shares of treasury stock for $16 per share. Oct. 12 Sold 2,000 shares of treasury stock for $19 per share