On January 1, 2021, the stockholders' equity section of Arlo Corporation shows: common stock ( $5 par value) $2,000,000; paid-in capital in excess of par value $1,200,000; and retained earnings $1,200,000. During the year, the company earned a net income of $300,000 and paid no dividends. In addition, the following treasury stock transactions occurred: April. 1 Purchased 60,000 shares for cash at $13 per share. July 1 Sold 15,000 treasury shares for cash at $15 per share. Oct. 1 Sold 10,000 treasury shares for cash at $11 per share. (a) Journalize the treasury stock transactions. (b) Prepare the entry for Oct 1 , assuming the treasury shares were sold at $8 per share