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The following information pertains to stock transactions of Hawk, Inc. during 2018. On 1/11/2018, Hawk issued 1,000,000 shares of common stock for $110/share. Its par

The following information pertains to stock transactions of Hawk, Inc. during 2018.

On 1/11/2018, Hawk issued 1,000,000 shares of common stock for $110/share. Its par is $100/share.

On 7/1/2018, Hawk reacquired 100,000 shares of its common stock at $98/share.

On 7/15/2018, Hawk reacquired 80,000 shares of its common stock at $101/share.

On 8/1/2018, Hawk sold 110,000 shares of the treasury stock for $106/share.

On 11/1/2018, Hawk sold 50,000 shares of the stock reacquired for $90/share.

On 12/31/2018, Hawk retired the remaining 20,000 shares of the stock reacquired.

Instructions: Prepare any necessary journal entries for the above transactions using the LIFO flow assumption and the cost method.

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