Mystic Lake Inc bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 6,500 shares of its common stock at $92 per share on September 22, Mystic Lake sold 4,600 of the reacquired shares at $103 per share. The remaining 1,900 shares were sold at $88 per share on November 23. 2. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank, July 9 Treasury Stock 59.000 Cash 598.000 473.00 Sept. 22 Cash Treasury Stock Pald-In Capital from Sale of Treasury Stock 12.3.200 Nov. 23 Cash Pald-In Capital from Sale of Treasury Stock Treasury Stock b. What is the balance in Pald-in Capital from Sale of Treasury Stock on December 31 of the current year? c. For what reasons might Mystic Lake Inc. have purchased the treasury stock