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III. Value 15 points Yohnalasse Corporation has the following stockholders' equity accounts on January 1, 2017: Common Stock, $10 par value. Paid-in Capital in Excess

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III. Value 15 points Yohnalasse Corporation has the following stockholders' equity accounts on January 1, 2017: Common Stock, $10 par value. Paid-in Capital in Excess of Par. $1,500,000 200,000 Total Stockholders' Equty.. $2.200,000 The company uses the cost method to account for treasury stock transactions. During 2017, the following treasury stock tran sactions occurred: April 1 Purchased 10,000 shares at $18 per share. August 1 Octoberl Sold 4,000 shares at $22 per share. Sold 4,000 shares at $15 per share. Instructions (a) Journalize the treasury stock transactions for 2017. (b) Prepare the Stockholders' Equity section of the balance sheet for Yohnalasse Corporation at December 31, 2014. Assume net income was $110,000 for 2017

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