QUESTION ONE Common stock (85 par value) $1,500,000; paid-in capital in excess of $1,000,000 and On January 1, 2014, the stockholders' equity section of ABC Corporatio 0u0 00. and etaned eamins $1,2.00. During the year, the followie treasury stock transactions occurred Mar. 1 Purchased 30,000 shares for cash at $15 per share. ul 1 Sold 6,000 treasury shares for cash at $17 per share. Sept. 1 Sold 5,000 treasury shares for cash at $14 per share. Instructions (One mark for each correct entry) a) Journalize the treasury stock transactions. b) Restate the entry for September 1, assuming the treasury shares were sold at 12 per share