The stockholders' equity accounts of Norman Inc. were as follows on January 1, 2023: Common stock, $25 par value; authorized 500,000 shares; issued and outstanding 225,000 shares Additional Paid-in Capital in Excess of Par Retained earnings Total Stockholders' Equity During 2023 Norman engaged in the following stock transactions: February 1: April 1: May 1: $ 5,625,000 2,475,000 4,000,000 $12,100,000 ========= Acquired 12,000 shares of the outstanding common stock at $34 per share. Sold 2,000 share that were held in the treasury at $40 per share. Sold 6,000 shares that were held in the treasury at $32 per share. December 31: Retired the 4,000 remaining shares of the treasury stock when the market price of the common stock was $42 per share. REQUIRED: Prepare the journal entries to record the transactions described above using (1) the cost method and (2) the par value method. COST PAR VALUE Feb. 1 April 1 May 1 December 31