Sigma Corporation purchased 2,000 shares of its $5 par value common stock for a cash price of $12 per share. Two months later, Sigma sold the treasury stock for a cash price of $10 per share. Instructions: Prepare the journal entry to record the sale of the treasury stock assuming (a) No balance in Paid-in Capital from Treasury Stock. (2.5 marks) (b) A $3,000 balance in Paid-in Capital from Treasury Stock. (2.5 marks