The stockholders' equity section of Ankiel Corporation's balance sheet at December 31, 2009, appears below: Stockholders' equity Paid-in capital Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding $2,500,000 Paid-in capital in excess of par 1,200,000 Total paid-in capital 3,700,000 Retained earnings 600,000 Total stockholders' equity $4,300,000 During 2010, the following stock transactions occurred: Jan. 18 Issued 50,000 shares of common stock at $32 per share. Aug. 20 Purchased 25,000 shares of Ankiel Corporation's common stock at $26 per share to be held in the treasury. Nov. 5 Reissued 9,000 shares of treasury stock for $28 per share. Instructions (a) Prepare the journal entries to record the above stock transactions. (b) Prepare the stockholders' equity section of the balance sheet for Ankiel Corporation at December 31, 2010. Assume that net income for the year was $100,000 and that no dividends were declared