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QUESTION 2 Foodmart, Inc. completed the following treasury stock transactions in 2018: Mar. 3 Purchased 1,800 shares of the company's $3 par value common stock

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QUESTION 2 Foodmart, Inc. completed the following treasury stock transactions in 2018: Mar. 3 Purchased 1,800 shares of the company's $3 par value common stock as treasury stock, paying cash of $10 per share. Mar. 17 Sold 400 shares of the treasury stock for cash of $12 per share, Mar. 25 Sold 600 shares of the treasury stock for cash of 7 per share. (Assume the balance in Paid in Capital from Treasury Stock Transactions on March 24 is $ 1.200.) QUESTION 2 Foodmart, Inc. completed the following treasury stock transactions in 2018: Mar. 3 Purchased 1,800 shares of the company's $3 par value common stock as treasury stock, paying cash of $10 per share. Mar. 17 Sold 400 shares of the treasury stock for cash of $12 per share, Mar. 25 Sold 600 shares of the treasury stock for cash of 7 per share. (Assume the balance in Paid in Capital from Treasury Stock Transactions on March 24 is $ 1.200.)

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