The original sale of the $50 par value common shares of Sandhill Company was recorded as follows:

Dr Cash $290,000

Cr Common Stock $250,000

Cr Paid-in Capital in Excess of Par $40,000

Transactions:

(a)Bought 300 shares of common stock as treasury shares at $62.

(b)Sold 80 shares of treasury stock at $60.

(c)Sold 40 treasury shares at $68.

Record the treasury stock transactions (given above) under the cost method.