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50. On January 1, 2019, the stockholders' equity section of Packer Corporation shows: Common stock ($4 par value) $1,200,000; Paid-in capital in excess of par value - common stock $800,000; and retained earnings $1,000,000. During the year, the following treasury stock transactions occurred. Feb. 1 Purchased 25,000 shares for cash at $25 per share. May 1 Sold 5,000 treasury shares for cash at $29 per share. Aug. 1 Sold 4,000 treasury shares for cash at $21 per share. Dec. 1 Sold 3,000 treasury shares for cash at $15 per share. Journalize the treasury stock transactions during the year