The December 31, 2018, balance sheet of MBI Company included the following: Common stock, 20 million shares outstanding at $1 par $ 20,000,000 Paid-in capitalexcess of par 100,000,000 Retained earnings 115,000,000 MBI completed the following transactions in 2018 relating to treasury stock: March 17: Reacquired 2 million shares at $10. May 17: Reacquired 2 million shares at $9. August 10: Issued 3 million shares at $12. Required: Prepare journal entries to record the foregoing transactions on a weighted average basis