Please answer number 20

Originally issued at the JU,000 1000 Shares of its common stock at $29 a share. 15 9 .000 CASH 29,000 (6) Howe retired 500 shares of treasury stock. ORE TO, OVO (500x20) 02-V CAPITAL in excess of DAR 3,500 (3007). 138 To 500 share COMMON STOCK PAID-IN CAPITAL in sorok 7,000 CH 6) = 1,600 RETAINED EARRINGS i = 3,50 TREASURY STOCK (c) Howe sold 250 of the treasury shares at S28 a share. (500 CASH 7,ood RE 250 $250 of the treasury shares at $30 a share. TS 9250 CASH 7,500 Padi Dana son Parlin 250 is 6, Tos 1,250 20. Pippen Corporation sold 50 shares of common stock (S20 par) and 60 shares of preferred stock (S10 par) for $7,000. The FMV of the common stock was $100 and the preferred S50.00 INSTRUCTIONS: Clearly label each situation with the method used. (a)Prepare the entry to record the sale for cash; show computations. Method: (b)Assume the preferred had no readily available market price. Prepare the entry to record the sale for cash. Method