On January 1, 2015, the accounts of Ralph Inc. reflected the following: Common Shares, 40,000 shares $89,000 outstanding Contributed capital from treasury $1,950 stock transactions Retained Earnings $59,000 On February 1, 2015, Ralph Inc. purchased 5,900 of its own shares at $3 per share. Later on December 1, 2015, Ralph Inc sold 2.900 of these treasury shares at $2.4 per share. Required: 1 Record the transaction for February 1, 2015 Record the transaction for December 1, 2015