Question 22 1 pts The following information pertains to Questions 22 and 23 On January 1, 2014, Estes Corporation had 50,000 shares of $10 par value common stock issued and outstanding. All 50,000 shares had been issued in a prior period at $15 per share. On February 1, 2014, Estes purchased 2,000 shares of treasury stock for $18 per share and later sold the treasury shares for $20 a share on March 2, 2014. The journal entry to record the purchase of the treasury shares on February 1, 2014 would include a loss of $6,000 debit to the Treasury Stock account for $ 36,000. credit to the Treasury Stock account for $36,000. gain of $6,000. Question 23 1 pts Refer to Question 22. The journal entry to record the sale of the treasury shares on March 2, 2014 would include a credit to a gain account for $4,000. debit to Retained Earnings for $6,000. credit to Paid-in Capital TGreasury Stock for $4,000. credit to Retained Earnings for $4,000