Name Instructor (Teeasury Stock Transactions and Presentation) LLP Company had the following stockholders' equity as of January 1, 2020 Common stock, $1 par value, 120,000 shares issued Paid-in capital in excess of par-common stock Retained earnings s120,000 833,000 408,000 Total stockholders' equity $1,361,000 During 2020, the following transactions occurred: Feb. 16 Mar 8 LLP repurchased 5,000 shares of treasury stock at a price of $15 per share. 200 shares of treasury stock repurchased above were reissued at $16 per share. 800 shares of treasury stock repurchased above were reissued at $12 per share. 8 Apr 11 May 2,000 shares of treasury stock repurchased above were reissued at $18 per share. Instructions (a) Prepare the journal entries to record the treasury stock transactions in 2020, assuming LLP uses the cost method. (b) Prepare the stockholders equity section as of June 30, 2020. Net income for the first 6 months of 2020 was $261,000