On January 1,2021 , the stockholders' equity section of Williams Corporation shows: common stock ( $1 par value) $2,000,000; paid-in capital in excess of par value $1,400,000; and retained earnings $1,400,000. During the year, the company earned a net income of $500,000 and paid no dividends. In addition, the following treasury stock transactions occurred: Mar. 1 Purchased 50,000 shares for cash at $14 per share. July 1 Sold 15,000 treasury shares for cash at $16 per share. Sept. 1 Sold 10,000 treasury shares for cash at $10 per share. Instructions Journalize the treasury stock transactions