Prepare thho 2015, the stockholders' equity section of Newlin Corporation shows pr vaue) $1,500,000; paid-in capital in excess of par $1,000,000, and E11-9 On Jant mmon stock ($5 par value) $1,500 retained earnings $1,200,000. During the year, the following treasurykan occurred. Mar: 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 10,000 treasury shares for cash at $17 per share. Sept. 1 Sold 8,000 treasury shares for cash at $14 per share. Instructions (a) Journalize the treasury stock transactions. (b) Restate the entry for September 1, assuming the treasury shares were sold at $12 per share amman stock. The