Question 3: (6 points) w me urst year of operations, New York Corporation had the following transactions: Jan. 1 -- Issued 50,000 shares of $1 par value common stock at $20 per share. (2 points) May 24 - Reacquired 5,000 shares of common stock sold on Jan. 1 for $23 per share. (2 points) Aug 31 - Sold 500 shares of its treasury stock purchased on May 24 for $25 per share. (2 points) Required: Journalize these transactions below next to the date. If no entry is required, write the date and write "No entry required." Show your work below the journal entry. Jan. 1: May 24: Aug 31