Question 7 10 pts On January 1, 2020, the stockholders' equity section of Smile Corporation shows: Common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1.000.000, and retained earnings $1.200,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 40,000 shares for cash at $20 per share. July 1 Sold 8,000 treasury shares for cash at $27 per share. Sept. 1 Sold 6,000 treasury shares for cash at $9 per share. Requirements: 1. Journalize the treasury stock transactions, Edit View Insert Format Tools Table 12ptParagraph ? BV