Stock Issuance and Treasury Stock Diva, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $38 cash per share, (2) purchased treasury shares at $44 per share, and (3) sold some of the treasury shares: 1 Cash 437,000 Common stock 46,000 Paid-in capital in excess of par value 391,000 2 Treasury stock 77,000 Cash 77,000 3 Cash 62,400 Treasury stock 52,800 Paid-in capital from treasury stock 9,600 a. How many shares were originally issued? Answer 35,700 shares b. What was the par value of the shares issued? $Answer 3 per share c. How many shares of treasury stock were acquired? Answer 6,000 shares d. How many shares of treasury stock were sold? Answer 3,000 shares e. At what price per share was the treasury stock sold?