Question 2 Flint Limited had the following equity accounts on January 1, 2017: Share Capital - Ordinary (4 par) 358,860, Share Premium-Ordinary 200,210, and Retained Earnings 102,940. In 2017, the company had the following treasury share transactions. Mar. 1 Purchased 6,110 shares at 9 per share. June 1 Sold 959 shares at 12 per share. Sept. 1 Sold 2,030 shares at 11 per share. Dec. 1 Sold 1,190 shares at 7 per share. Flint uses the cost method of accounting for treasury shares. In 2017, the company reported net income of 25,870. Journalize the treasury share transactions, and prepare the closing entry at December 31, 2017, for net income. amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Shares > Cash X June 1 Cash > Treasury Shares > > Share Premium-Treasury Sept. 1 Cash HOME Treasury Shares > Share Premium-Treasury Dec. 1 Cash Share Premium-Treasury S Treasury Shares Dec. 31 Income Summary Retained Earnings