Solve the following

Long acquired 16,00o shares of its own co ssued 100,0oo shares of $10 par common stock for $1,200,000. A year later mmon stock at $15 per share. Three months later ng sold 8,00o of these shares at $19 per share. If the cost method is used to record treasury stock transaction s, prepare the journal entry to record the sale of the 8,00o treasury shares: Account Debit Credit 9. Stinson Corporation owned 40,000 shares of Matile Corporation. These shares were purchased in 2014 for $360,000. On November 15, 2018, Stinson declared a property dividend of one share of Matile for every ten shares of Stinson held by a stockholder On that date, when the market price of Matile was $28 per share, there were 360,00o shares of Stinson outstanding. What gain and net reduction in retained earnings would result from this property dividend? Gain a. $0 b. $o c. $684,000 d. $684,ooo Retained Earnings 324,000o $1,008,0oo $ 144,00o 324,00o 10. On July 1, 2017 the Diamond Bottle Company sold $400,00o in long-term bonds to the Silver Jewelry Company. The bonds will mature in 10 years and have a stated interest rate of 9%. The market rate at time of issuance was 12%. Therefore, the bonds sold for $332,196 The bonds pay interest annually on June 30 of each year. The bonds are to be accounted for under the effective interest method. Below is a partial bond amortization schedule. Cash Interest Amortization Carrying Expense Value 7/1/2017 6/30/2018 36,000 332,196 336,060 4.327340,387 9.864 3273,.86 45233 6/30/2020 36,000 4.846 If Diamond buys back the bonds at 101 plus accrued interest on 12/31/ 2019, what is the gain/loss reported on the retirement of bonds? (be sure to include the s amo gain or loss)