Question (55 points) has decided to take their company public on January 2014. Jean Grey Inc. had ares authorized. The following transactions occurred Jean Grey Inc. 0.000 shi a. Jean Grey issued 5.000 shares for 5 per share during their IPO on January 1.2014. Each share has a par value of ss. Record the journal entry for this transaction. Make sure to clearly label your debits and credits and include the classification of each account 10 points) b. On January 1, 2015, Jean Grey bought back 2,000 shares from the open market at a price of $25 per share. Record the journal entry for this share repurchase. Make sure to clearly label your debits and credits and include the classification of each account. 00 points)