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Based on the events described below, enter the correct balances to be recorded by Radcliffe Corporation in the treasury stock account and the paid-in capital (PIC) from treasury transactions account on the stated dates in the designated cells below. Enter all amounts as positive values. The amount entered should be the balance in the account after the transaction occurred. As is common practice, Radcliffe uses the cost method to account for treasury stock. At the beginning of Year 1, it has no treasury stock, but the balance in its paid-in-capital from treasury transactions is a credit of $30,000.

• 01/01/Year 1 Radcliffe issues 50,000 shares of $10 par value common stock for $12 per share.
• 05/31/Year 1 Radcliffe reacquires 10,000 of its outstanding shares for $18 per share.
• 07/10/Year 1 Radcliffe reissues 6,000 shares of its treasury stock that had been acquired for $18 per share. The market price on this date was $15 per share.
• 12/01/Year 1 Radcliffe's board of directors voted to retire 2,500 of the 4,000 remaining shares of treasury stock.

Date	Treasury stock balance	PIC from treasury transactions
1. 01/01/Year 1
2. 05/31/Year 1
3. 07/10/Year 1
4. 12/01/Year 1