On Augast 19, Fortland Corporation repurchases 4,000 shares of its outstanding common stock for $12 per share. On October 31 , Portland sells 1,400 shares of treasury stock for $14 per share. Any additional sales of treasury stock during the year were sold for $7 per share. On December 31 , Portiand had no remaining treasury stock. Required: Prepare the necessary journal entries to record any transactions associated with treasury stock. If an amount box does not require an entry, leave it blank