Problem 11-2A Blue Spruce Corp, had the following stockholders' equity accounts on January 1, 2019: Common Stock (54 par) $437,120, Paid-in Capital in Excess of Par-Common Stock $195,430, and Retained Earings $100,470. In 2019, the company had the following treasury stock transactions. Mar. 1 Purchased 6,760 shares at 58 per share. June 1 Sold 1,290 shares at $12 per share. Sept. 1 Sold 1,800 shares at $11 per share. Dec. 1 Sold 1,250 shares at $5 per share. Blue Spruce Corp. uses the cost method of accounting for treasury stock. In 2019, the company reported net income of $31,920. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2019, for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Open accounts for (1) Paid-in Capital from Treasury Stock, (2) Treasury Stock, and (3) Retained Earnings. (Post to T-accounts.) (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Treasury Stock Retained Earnings Prepare the stockholders' equity section for Blue Spruce Corp. at December 31, 2019. (Enter the account name only and do not provide the descriptive information provided in the question.) Blue Spruce Corp. Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show Work