Question 1: In 2015, Mordica Co. issued 200,000 shares of $10 par value ordinary shares at $35 per share. In January, 2016, Mordica repurchased 15,000 shares at $30 per share. Assume these are the only share transactions the company has ever had. Instructions a) What are the two methods of accounting for treasury shares? b) Prepare the journal entry to record the purchase of treasury shares by the cost method. c) 5,000 treasury shares are reissued at $33 per share. Prepare the journal entry to record the reissuance by the cost method