Seaside Amusements Corporation had the following stockholders' equity on November $30$ :

$($Click the icon to view the stockholders' equity.$)$

On December $30,$ Seaside purchased $100$ shares of treasury stock at $$10$ per share.

Read the requirements.

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.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Dec$.30,,,],[,,,],[,,,],[,,,],[.,,,]]$

Data table

$\backslash$table$[[$Stockholders$\text{'}$ Equity$],[$Paid$-$In Capital:,,$],[\backslash$table$[[$Common Stock$-$ $$5$ Par Value; $1,300$ shares$],[$authorized$,320$ shares issued and outstanding$]],$$$,1,600],[$Paid$-$In Capital in Excess of Par$-$Common,,$4,800],[$Total Paid$-$In Capital,,$6,400],[$Retained Earnings,,$53,000],[$Total Stockholders' Equity,$$,59,400]]$

Requirements

Journalize the purchase of the treasury stock.

Prepare the stockholders' equity section of the balance sheet at December $32024.$ Assume the balance in retained earnings is unchanged from Novembe $30.$

How many shares of common stock are outstanding after the purchase of treasury stock?