Marin Company had the following stockholders equity as of January 1, 2017. Common stock, $5 par value, 18,000 shares issued $90,000 Paid-in capital in excess of parcommon stock 298,000 Retained earnings 318,000 Total stockholders equity $706,000 During 2017, the following transactions occurred. Feb. 1 Marin repurchased 1,890 shares of treasury stock at a price of $17 per share. Mar. 1 750 shares of treasury stock repurchased above were reissued at $15 per share. Mar. 18 550 shares of treasury stock repurchased above were reissued at $15 per share. Apr. 22 540 shares of treasury stock repurchased above were reissued at $20 per share.

Problem 15-2 Marin Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 18,000 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $90,000 298,000 318,000 $706,000 During 2017, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Marin repurchased 1,890 shares of treasury stock at a price of $17 per share. 750 shares of treasury stock repurchased above were reissued at $15 per share. 550 shares of treasury stock repurchased above were reissued at $15 per share. 540 shares of treasury stock repurchased above were reissued at $20 per share. Prepare the journal entries to record the treasury stock transactions in 2017, assuming Marin uses the cost method. (CH Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the a Date Account Titles and Explanation Debit Credit Mar. 1 Mar. 1 Mar. 18 Prepare the stockholders' equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $131,400. MARIN COMPANY Stockholders' Equity $ Click if you would like to Show Work for this question: Open Show Work