Question Three: Part (A): 8 points On March 4 Sola Company has the following stockholders' equity: Common stock-S5 par value, 70,000 shares authorized, issued and outstanding.. . Paid-in capital in excess of par... Retained earnings. Total stockholders' equity 12.5 points $350,000 90,000 412.000 S852.000 The following transactions occurred during the year March 21 Purchased 8.200 shares of its own common stock at $20 per share. April 15 Sold 6,000 treasury shares for $28 per share for cash. May 01 Sold all the remaining treasury shares for $18 per share. 1- Record the above transactions 2- Prepare a revised stockholders' equity section at March 21 after the purchase of the treasury shares. Required: Accounts Date Dr. Cr. Mar. 21 Apr. 15 May 01 Part (B): 4.5 points Stockholders' Equity-March 21