On January 1, Year 1, Wedekind Company issued a $52,000,4-year, 11% installment note to Shannon Bank. The note requires annual payments of $16,761, beginning on December 31 , Year 1 . Journalize the entries to record the following: Year 1 Jan. 1 Issued the note for cash at its face amount. Dec. 31 Paid the annual payment on the note, which consisted of interest $5,720 and principal of $11,041. Year 4 Dec. 31 Paid the annual payment on the note, including $1,661 of interest. The remainder of the payment reduced the principal balance on the note. Issued the note for cash at its face amount. If an amount box does not require an entry, leave it blank. Year 1, Jan. 1 Paid the annual payment on the note, which consisted of interest of $5,720 and principal of $11,041. If an amount box does not require an entry, leave it blank. Paid the annual payment on the note, which consisted of interest of $5,720 and principal of $11,041. If an amount box does not require an entry, leave it blank. Paid the annual payment on the note, including $1,661 of interest. The remainder of the payment reduced the principal balance on the note. If an amount box does not require an entry, leave it blank. Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 4,300 shares of its common stock at $62 per share. On April 30, Lava Lake Inc. sold 3,000 of the reacquired shares at $67 per share. On August 22 , Lava Lake inc, sold 1,300 shares at $58 per share. a. Journalize the transactions of February 11, April 30, and August 22. If an amount box does not require an entry, leave it blank. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? c. For what reasons might Lava Lake have purchased the treasury stock