Mystic Lake Inc. bottles and distributes spring water. On July $9$ of the current year, Mystic Lake reacquired $43,800$ shares of its common stock at $$43$ per share. On September $22,$ Mystic Lake Inc. sold $28,400$ of the reacquired shares at $$50$ per share. The remaining $15,400$ shares were sold at $$42$ per share on November $23.$Required:A$.$Journalize the transactions of July $9,$ September $22,$ and November $23.$ Refer to the Chart of Accounts for exact wording of account titles.B$.$What is the balance in Paid$-$In Capital from Sale of Treasury Stock on December $31$ of the current year?C$.$For what reasons might Mystic Lake have purchased the treasury stock?