Surfer Girl Clothing Company issues 2,600 shares of $1 par value common stock at $38 per share. Later in the year, the company decides to purchase 100 shares at a cost of $40 per share. Record the transaction if Surfer Girl resells the 100 shares of treasury stock at $38 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)