Rinehart Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $240,000. It later resold 1,950 shares for $51 per share, then 1,950 more shares for $46 per share, and finally 1,100 shares for $40 per share.

Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation                                Debit                                          Credit Treasury Stock                                                      240,000 Cash                                                                                                                    240,000 (To record purchase from stockholders.) Cash                                                                     99,450 (1,950 shares x $51)        Treasury Stock 93,600 ($240,000/5,000 shares)x1950 Paid-in Capital from Treasury Stock        5,850 (99,450-93,600)                                   (To record sales of shares at $51 per share.) Cash                                                                     89,700 (1,950 shares x $46) Paid-in Capital from Treasury Stock                      3,900 (93,600-89,700)       Treasury Stock                                                                                             93,600 ($240,000/5,000 shares)x1950   (To record sales of shares at $46 per share.) Cash                                                                       44,000 (1,100 shares x $40) Paid-in Capital from Treasury Stock ? Retained Earnings ?      Treasury Stock   52,800 ($240,000/5000 shares) x 1,100 (To record sale of shares at $40 per share.)

I figured out all of the answers except the last one, how to record sale of shares at $40 per share. I cannot figure out what to debit for Paid-in Capital from Treasury stock or for Retained Earnings. How do I calculate this?