Mountain Amusements Corporation had the following stockholders' equity on November 30: (Click the icon to view the stockholders' equity.) On December 30, Mountain purchased 225 shares of treasury stock at $11 per share. 1. Journalize the purchase of the treasury stock. 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Assume the balance in retained earnings is unchanged from November 30. 3. How many shares of common stock are outstanding after the purchase of treasury stock? Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 310 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity $ $ 1,550 4,650 6,200 51,000 57,200