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Tamarisk, Inc. had the following stockholders' equity accounts on January 1, 2019: Common Stock (55 par) $541.850. Paid-in Capital in Excess of Par-Common Stock $198.920,

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Tamarisk, Inc. had the following stockholders' equity accounts on January 1, 2019: Common Stock (55 par) $541.850. Paid-in Capital in Excess of Par-Common Stock $198.920, and Retained Earnings $117.610. In 2019. the company had the following treasury stock transactions. Mar. 1 Purchased 5.600 shares at 59 per share. June 1 Sold 1.090 shares at $13 per share. Sept. 1 Sold 1.300 shares at $11 pes share. Dec. 1 Sold 1.180 shares at $7 per share. Tamarisk, Inc. uses the cost method of accounting for treasury stock. In 2019, the company reported net income of $28.290. ournalize the treasury stock transactions, and prepare the closing entry at December 31, 2019, for net income. (Record journalen ccount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the Date Credit Debit 50400 Mar. 1 Account Titles and Explanation Treasury Stock Cash Cash Cash 50400 June 1 14170 Treasury Stock 9810 Paid-in Capital from Treasury Stock 4360 14300 Treasury Stock 11700 Paid-in Capital from Treasury Stock 2600 Dec. 1 Cash 8260 Paid-in Capital from Treasury Stock 2360 Treasury Stock Dec 31 - Income Summary 28290 Retained Earnings 28290 Paid-in Capital from Treasury Stock Dec. 1 2,360 June 1 4,360 Sept. 1 2,600 Dec. 31 4,600 Treasury Stock Mar. 1 50,400 Ju 9,810 11,700 10,620 Dec 18270 Retained Earnings Jan, 1 117,610 28,290 145.900 Prepare the stockholders' equity section for Tamarisk, Inc. at December 31, 2019. (Enter the account name only and do not provide the descriptive information p Tamarisk, Inc. Balance Sheet (Partial)

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