Marks Corporation's stockholders' equity at December 31, 2010, is as follows: Common stock, $10, par (10, 000 shares)....................... $100, 000 Paid-in capital in excess of par....................................... 3.000 103, 000 Retained earnings........................................................... 197, 000 Total stockholders' equity..................................... $300.000 The following treasury stock transactions occurred during 2011. Jan. 2 - Purchased at $ 12 per share, 1, 000 shares of Marks Corporation common stock. Feb. 4 - Sold 500 shares of treasury stock at $ 13 per share. May 10 - Sold 500 shares of treasury stock at $8 per share. Instructions: Prepare journal entries to record the treasury stock transactions in 2011 under the cost method