Ray Holt Corporation has retained you as a consultant on accounting policies and procedures. During 2019, the company engaged in a number of treasury stock transactions, having foreseen an opportunity to report its treasury stock as an asset and to recognize a profit in trading its own stock. The transactions were as follows: 1. Reacquired 105 shares of its $10 par common stock at $18 per share. The shares had originally been issued at $20 per share. 2. Reacquired 160 shares of its $10 par common stock at $23 per share. The shares had originally been issued at $20 per share. 3. Reacquired 60 shares of its $100 par preferred stock at $135 per share. The shares had originally been issued at $189 per share. 4. Sold all common treasury shares held at $25 per share. 5. Reacquired 150 shares of its $100 par preferred stock at $130 per share. The shares had originally been issued at $189 per share. 6. Retired all preferred shares held in the treasury. 2. Prepare an analysis of treasury stock accounting for Mr. Robert Richter, the controller. This analysis should contain proper journal entries for each of the treasury stock transactions occurring during 2019, prepared using the cost method discussed in the chapter