Northern Amusements Corporation had the following stockholders' equity on November 30: (Click the icon to view the stockholders' equity.) On December 30, Northern purchased 125 shares of treasury stock at $12 per share. Read the requirements. Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Data table Dec. 30 Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 130 shares issued and outstanding $ 650 1,950 Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. Assume the balance in retained earnings is unchanged from November 30. Paid-In Capital in Excess of Par-Common Total Paid-In Capital 2,600 56,000 Northern Amusements Corporation Balance Sheet (Partial) December 31 Retained Earnings $ 58,600 Total Stockholders' Equity Stockholders' Equity Paid-In Capital: Print Done 1 Total Paid-In Capital Total Stockholders' Equity Requirement 3. How many shares of common stock are outstanding after the purchase of treasury stock? shares are outstanding