Part I (21 Points) The December 31, 20x1, balance sheet of Nokomis Corporation is presented below: Preferred Stock (1.000 shares @$100 par value) Common Stock (12,000 shares @ $5 par value) APIC-Common (issuance) APIC-Common (treasury stock) Retained Earnings Treasury Stock (common) (1.000 shares) Total Shareholders' Equity $100,000 60,000 42,000 500 47,500 (16,000) $234,000 Prepare the entries needed by Nokomis to record the following transactions: 1. On February 10, 20x2, Nokomis reissued 200 shares of treasury stock for $21 per share. 2. On May 24, 20x2, Nokomis retired 200 shares of treasury stock when the fair value was $24 per share. 3. On July 1, 20x2, Nokomis reissued 400 shares of treasury stock for $5 per share.