Lava Lake inc botties and distributes spring water On Fobrvary 11 of the current year, Lava Lake rescquired 6 , B00 shares of ita comm ang atoek af 56 g. per share. On Apent 30, Lava Lake inci solit 4,800 of the reacqulred shares at 573 per thare, On August 22, tava Lake Inc sold 2,000 shares at s.54 per share a. Journalize the transactions of Felsuary 11. Apri 30 , and August 22, If an amount box does not require an entry, feave it blank. b. What is the biatance in Pild-in Capital from Sale of Treasury Stock on December 31 of the current year? c. For what reasons might tava Lake have purchased the treasury stock