Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 5,200 shares of its common stock at $85 per share. On April 30, Lava Lake Inc. sold 3,600 of the reacquired shares at $94 per share on August 22, Lava Lake Inc. sold 1.600 stures $51 per share a. Journalize the transactions of February 11, April 30, and August 22. If an amount box does not require an entry, leave it blank Feb. 11 Apr. 30 Aug. 22 b. What is the balance in Paldin Capital from Sale of Treasury Stock on December of the current year C. For what reasons might Lava cake have purchased the treasury stoc