Problem 15-2 Sage Company had the following stockholders equity as of January 1, 2017 Common stock, $5 par value, 20,300 shares issued Paid-in capital in excess of par-common stock Retained earnings $101,500 294,000 318,000 $713,500 Total stockholders' equity During 2017, the following transactions occurred Feb. 1 Sage repurchased 2,020 shares of treasury stock at a price of $19 per share. Mar. 800 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 18 500 shares of treasury stock repurchased above were reissued at $13 per share. Apr. 22 580 shares of treasury stock repurchased above were reissued at $20 per share Prepare the journal entries to record the treasury stock transactions in 2017, assuming Sage 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 Mar. 1 Mar. 18 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the stockholders' equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $137,400. (Enter account name only and do not provide descriptive information.) SAGE COMPANY Equity Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT