On January 1, 2012, the stockholders' equity section of Lincoln Corporation shows: common stock ($5 par value) $1, 500, 000; paid-in capital in excess of par value $1, 000, 000; and retained earnings $1, 200, 000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50, 000 shares for cash at $14 per share. July 1 Sold 10, 000 treasury shares for cash at $16 per share. Sept. 1 Sold 8, 000 treasury shares for cash at $13 per share. Instructions: a. Journalize the treasury stock transactions. b. Restate the entry for September 1, assuming the treasury shares were sold at $11 per share