Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. January 1 Number of common shares issued 130,000 Par value per share $0.01 Issue price per share $16.00 March 18 Number of shares purchased 1,000 Purchase price per share $42.00 November 11 % of shares resold 20% Resale price per share $46.00

Record the issuance of common shares at an issue price of $16 per share.

Record the purchase of treasury shares for a purchase price of $42 per share.

Record the resale of treasury shares at a resale price of $46 per share