On June 5, 2017, Lewiston, a tile manufacturer, repurchased 2,000 of its $0.75 par value common shares for $22.50 cash per share. On October 5, 2017, Lewiston reissues the 2,000 common shares for $40.50 cash per share. Prepare the journal entries for the transactions above and answer the following questions.

a. What is the change in the treasury stock account on June 5, 2017?

b. On October 5, does Lewiston recognize a profit from the $18 per share increase in the stocks market value?

c. What is the change in the treasury stock account as a result of the October 5, 2017 transaction?

d. What is the change in the additional paid-in capital account as a result of the October 5, 2017 transaction?