Stockholders' Equity Paid-In Capital: \begin{tabular}{llr} \hline Common Stock- $5 Par Value; 1,300 shares authorized, 150 shares issued and outstanding & $ & 750 \\ \hline Paid-In Capital in Excess of Par-Common & 2,250 \\ \hline Total Paid-In Capital & 3,000 \\ \hline Retained Earnings & $50,000 \\ \hline Total Stockholders' Equity & $53,000 \\ \hline \hline \end{tabular} Mountain Amusements Corporation had the following stockholders' equity on November 30 : Click the icon to view the stockholders' equity.) On December 30, Mountain purchased 125 shares of treasury stock at $12 per share. Read the requirements. Requirement 1. Journalize the purchase of the treasury stock. (Check your spelling carefully and do not abbreviate. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31,2024 . Assume the balance in retained earnings is unchanged from November 30 . Requirement 3. How many shares of common stock are outstanding after the purchase of treasury stock? shares are outstanding