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Kramer Inc. issued 3 0 million common shares in its IPO in 2 0 2 3 , at an average price of $ 8 per

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Kramer Inc. issued 30 million common shares in its IPO in 2023, at an average price of $8 per share. The common stock has a $1 par value. In 2023, Kramer earned $4 million in
profit in its first year of operations. It also entered into the following transactions in 2024:
On 71?2024, Kramer repurchased 3 million of its common shares for $10 per share.
On 8/1/2024, Kramer reissued 1 million shares for $10.50 per share.
On 91?2024, Kramer retired 1 million of its treasury shares but kept the remaining 1 million shares in the treasury.
Record the entries for the 2024 stock transactions. Kramer does not account for all repurchased stock as retirements.
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