Nash Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 20,700 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $103,500 299,000 323,000 $725,500 During 2020, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Nash repurchased 2,000 shares of treasury stock at a price of $19 per share. 870 shares of treasury stock repurchased above were reissued at $17 per share. 530 shares of treasury stock repurchased above were reissued at $13 per share. 510 shares of treasury stock repurchased above were reissued at $21 per share. (a) Your answer is correct. Prepare the journal entries to record the treasury stock transactions in 2020, assuming Nash uses the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Debit Credit Account Titles and Explanation Treasury Stock 2.1 38000 Cash 38000 Cash 14790 Retained Earnings 1740 Treasury Stock 16530 18 Cash 6890 Retained Earnings 3180 Treasury Stock 10070 22 Cash 10710 Treasury Stock 9690 Paid-in Capital from Treasury Stock 1020 e Textbook and Media List of Accounts Attempts: 1 of 5 used (b) Your answer is partially correct. Prepare the stockholders'equity section as of April 30, 2020. Net income for the first 4 months of 2020 was $123,400. (Enter account name only and do not provide descriptive information.) NASH COMPANY Stockholders' Equity April 30. 2020 Common Stock 103500 Paid-in Capital in Excess of Par - Common Stock -- 299000 Paid-in Capital from Treasury Stock 1020 Total Paid-in Capital 403520 Retained Earnings 330910 734430 Less V Treasury Stock Total Stockholders' Equity