Shemboys Company has the following accounts in its shareholders' equity section at the beginning of the year on January 1st:

Common stock ($1 par, 300,000 shares issued and outstanding) $ 300,000

Additional paid-in capital 900,000

Retained earnings 1,000,000

Record the following treasury stock transactions that occurred during the year under theCost Method.

a. Shemboys reacquired 10,000 shares to hold as treasury stock, paying $3 per share.

b. Shemboys reissued 5,000 of the shares a few months later for $3.25 per share.

c. Shemboys sells the remaining 5,000 shares for $2.00 per share.