Keiras Kites is authorized to issue 250,000 shares of $2 par value common and had 75,000 shares issues and outstanding at Dec 31^st 2019. stock. During 2020 Keira took part in the following transactions:

1. Issued 40,000 shares of common stock at $50 per share
2. Purchased 15,000 shares for the Treasury at $54 per share.
3. Resold 4,000 shares of the Treasury Stock at $56 per share
4. Resold 5,000 shares of the Treasury stock at $48 per share.

Required:

1. Record the entries in the Journal
2. What are the Issued Shares at 12/31 20?
3. What are the Outstanding Shares?
4. What is the Balance in Treasury Stock at 12/31/20?