Kelly Company had outstanding 50,000 shares of USD 20 stated value common stock, all issued at USD 24 per share, and had retained earnings of USD 800,000. The company reacquired 2,000 shares of its stock for cash at book value from the widow of a deceased stockholder. a. Give the entry to record the reacquisition of the stock. b. Give the entry to record the subsequent reissuance of this stock at USD 50 per share. c. Give the entry required if the stock is instead reissued at USD 30 per share and there were no prior treasury stock transactions.