In $2024,$ Martinez Corporation completed the treasury stock transactions listed below.

February $2$: Reacquired $80,000$ shares at $$13\mathrm{.}00.$

March $17$: Sold $30,000$ shares at $$14\mathrm{.}50.$

May $17$: Sold $30,000$ shares at $$8\mathrm{.}50.$

Martinez had issued $100,000$ shares of its $$1$ par common stock for $$10$ several months ago.

Required:

Prepare the journal entries to record the above transactions, using the cost method