Swan Island Corporation had the following stockholders' equity on November $30$ :

View the stockholders' equity.

On December $30,$ Swan Island Corporation purchased $100$ shares of treasury stock at $$8$ per share.

Read the requirements.

Requirement $1.$ Journalize the purchase of the treasury stock. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Dec$.30,\stackrel{}{x},,],[,,],[,,],[,,],[,,]]$

Stockholders' Equity

Requirements

Journalize the purchase of the treasury stock.

Prepare the stockholders ${?}^{\text{'}}$ equity section of the balance sheet at December $31,2025.$

Assume the balance in retained earnings is unchanged from November $30.$

Paid$-$In Capital:

$3.$ How many shares of common stock are outstanding after the purchase of treasury stock?