SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March $9$ of the current year, SprayCo reacquired $16,900$ shares of its common stock at $$30$ per share. On June $9,10,600$ of the reacquired shares were sold at $$32$ per share, and on November $13,4,100$ of the reacquired shares were sold at $$32.$

a$.$ Journalize the transactions of March $9,$ June $9,$ and November $13.$ If an amount box does not require an entry, leave it blank.

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The repurchase of shares, known as treasury stock, is typically recorded using the cost method. When the treasury stock is resold, what is the company receiving? What is it giving up$?$ Keep in mind the price paid to buy the treasury stock and the price the shares are resold for at a later date.

b$.$ What is the balance in Paid$-$In Capital from Sale of Treasury Stock on December $31$ of the current year?

$$

c$.$ What is the balance in Treasury Stock on December $31$ of the current year?

$x$ Deb $$

d$.$ How will the balance in Treasury stock be reported on the balance sheet? As a deduction from stockholders' equity $v$