In 2021, Parker Corporation reacquired shares of its common stock and later sold shares in two separate transactions. Parker had the following account balances at December 31, 2020: Required - Calculate the amounts and prepare the journal entries in good form and assuming both scenarios are separate and not related to each other. 1. Retired stock: Prepare the journal entries in good form for both the purchase and subsequent resale of shares, treated as retired stock for the following entries: February 3 : Reacquired 75,000 shares of stock at $12 per share. March 14: Sold 19,000 shares at $16 per share. May 12: Sold 45,000 shares at $7 per share. Omit explanations but show calculations for each entry as necessary. To indent an account in this general journal, use 3 periods before the account. Example: ...Buildings ( 1 point reduction for not indenting appropriately.) 2. Treasury stock: Prepare the entries for both the purchase and subsequent resale of shares, treated as treasury stock for the following entreies: February 3: Reacquired 75,000 shares of stock at $12 per share. March 14: Sold 19,000 shares at $16 per share. May 12: Sold 45,000 shares at $7 per share. Omit explanations but show calculations for each entry as necessary. To indent an account in this general journal, use 3 periods before the account. Example: ...Buildings ( 1 point reduction for not indenting appropriately.)