Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 30 Treasury Stock-Common 4,200 Data Table Cash 4,200 Purchased treasury stock. Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 320 shares issued and outstanding Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Assume the $ 1,600 4,800 Paid-In Capital in Excess of ParCommon Total Paid-In Capital Western Amusements Corporation Balance Sheet (Partial) December 31 Stockholders' Equity Paid-In Capital: 6,400 61,000 Retained Earnings 67,400 Total Stockholders' Equity Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Assume the balance in retained earnings is unchanged from November 30. Western Amusements Corporation Balance Sheet (Partial) December 31 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity