Mystic Lake Inc. bottles and distributes spring water. On July $9$ of the current year, Mystic Lake reacquired $80,000$ shares of its common stock at $$44$ per share. On September $22,$ Mystic Lake sold $55,000$ of the reacquired shares at $$52$ per share. The remaining $25,000$ shares were sold at $$40$ per share on November $23.$

a$.$ Journalize the transactions of July $9,$ September $22,$ and November $23.$ If an amount box does not require an entry, leave it blank.

July $9$

Sept. $22$

Paid$-$In Capital from Sale of Treasury Stock $$

Nov. $23$

Paid$-$In Capital from Sale of Treasury Stock $$

$$TreasuryStock$$

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b$.$ What is the balance in Paid$-$In Capital from Sale of Treasury Stock on December $31$ of the current year?

$