Problem 11-28A (Algo) Recording and reporting treasury stock transactions LO 11-3, 11-4, 11-5, 11-6, 11-8 Choctaw Company completed the following transactions in Year 1, the first year of operation: Issued 34,000 shares of $10 par common stock for $10 per share. Issued 4,400 shares of $20 stated value preferred stock for $20 per share. Purchased 2,400 shares of common stock as treasury stock for $12 per share. Declared a $3,400 cash dividend on preferred stock. Sold 1,500