Question 3 2.5 pts RSR issues USE THE FOLLOWING INFORMATION FOR QUESTIONS #3-5: 10,000 common shares Par value of common $5.00 Original issue price $30.00 Original issue date 1/1/X1 R&R re-acquires are NOT retired) 2,000 #common shares Reacquisition date 9/15/X1 Reacquisition price $40.00 R&R reissues 200 common shares Reissue date 3/1/X2 Reissue price $25.00 R&R reissues 1200 common shares Reissue date 12/13/X2 price $50.00 Balance in Retained Earnings at 1/1/X1 $250,000 Balance in APIC Share Repurchases at 1/1/X1 $ 2. What is the journal entry to record the reacquisition of shares on 9/15/X1? O D. Debit Common Stock for $10,000 Debit APIC - Common Stock for $50,000, Debit APIC-Share Repurchases for $240,000, and Credit Cash for $300,000 A. Debit Common Stock for $10,000, Debit APIC - Common Stock for $50,000, Debit Retained Eamings for $240,000, and Credit Cash for $300.000 OB. Debit Treasury Stock for $60,000 and Credit Cash for $60,000 OC. Debit Treasury Stock for $20,000 and Credit Cash for $80,000 Question 4 2.5 pts LUSE THE INFORMATION FROM QUESTION #3 4. What is the APIC-Share Repurchases balance after the 12/13/X2 journal entry? OD. $1.000 O A Zero O B. $12.000 O C. $24,000 Question 5 25 pts [USE THE INFORMATION FROM QUESTION #31 5. What is the retained Earnings balance at the end of Year 20x2 (after all entries have been booked? Enter the amount as positive with no symbols