Sunland Company purchased 4,300 shares of its $9 par value common stock for $279,500 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,580 shares of treasury stock for cash at $72 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Sheffield Corp. has had 4 years of net income. Due to this success, the market price of its 450,000 shares of $6 par value common stock has increased from $10 per share to $53. During this period, paid-in capital remained the same at $4,440,000. Retained earnings increased from $1,840,000 to $11,900,000. President E. Rife is considering either a 15% stock dividend or a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on retained earnings. Retained earnings after stock dividend & Retained earnings after stock split LINK TO TEXT He asks you to show the before-and-after effects of each option on total stockholders' equity. Total stockholders' equity after stock dividend & 0 Total stockholders' equity after stock split Click if you would like to Show Work for this question: Open Show Work