Probler #2 (Chapter 15 STOCKS) 35% (Treasury Stock Transactions) Blue company has the following stockholders equity as of January 1, 2020. - Common stock, 55 par value. 20,000 shares issued 5100,000 - Paid-in-capital in excess of par - common stock $300,000 - Retained earnings 5320,000 During 2020, the following transactions occurred. Feb 1. Blue Company repurchased 2,000 shares of treasury stocks at a price of 519 per share March 1.800 shares of treasury stocks repurchased above were reissued at $17 per share March 18. 500 shares of treasury stocks repurchased above were reissued at 514 per share. April 22. 600 shares of treasury stock repurchased above were relssued at $21 per share Instructions Prepare the journal entries to record the treasury stock transactions in 2020, assuming that Blue Company uses the cost method