The shareholders' equity section of Rodman Corporation as of December 31, 2014, follows:

Common Stock: $80,000

Add. Paid-in Capital (C/S): 10,000

Retained Earnings: $60,000

=

Total Shareholders Equity: $150,000

During 2016, the company entered into the following transactions:

-Purchased 1,000 shares of treasury stock for $60 per share

-As part of a compensation package, reissued half of the treasury shared to exercised stock options for $20 per share.

-Reissued the remainder of the treasure stock on the open market for $66 per share.

a. Provide the journal entries for each transaction, and prepare the shareholders' equity section of the balance sheet as of Dec. 31, 2015. Rodman Corp. generated $20,000 in net income during 2015 and did not declare any dividends.

b. What portion of the additional paid-in acapital account is attributed to treasury stock transactions?