Problem 15-2 Clemson Company had the following stockholders equity as of January 1, 2014. Common stock, $4 par value, 21,400 shares issued $85,600 Paid-in capital in excess of parcommon stock 307,600 Retained earnings 330,400 Total stockholders equity $723,600 During 2014, the following transactions occurred. Feb. 1 Clemson repurchased 2,280 shares of treasury stock at a price of $19 per share. Mar. 1 870 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 18 420 shares of treasury stock repurchased above were reissued at $14 per share. Apr. 22 610 shares of treasury stock repurchased above were reissued at $21 per share. (a) Prepare the journal entries to record the treasury stock transactions in 2014, assuming Clemson uses the cost method. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 1 Mar. 1 Mar. 18 Apr. 22 (b) Prepare the stockholders equity section as of April 30, 2014. Net income for the first 4 months of 2014 was $131,600. (Enter account name only and do not provide descriptive information.) CLEMSON COMPANY Stockholders Equity April 30, 2014 $ : $