1. Todd's 12-31-14 balance sheet reported:

Common stock outstanding: 600,000 shares, par $1 per share $600,000

Paid-in capital in excess of par value 2,400,000

Retained earnings 30,000,000

The following transactions occurred this year:

1. During February 2015, Todd purchased 120,000 shares of its common stock and paid $15 per share. This was Todds first purchase of treasury stock.
2. During August 2015, Todd purchased another 30,000 shares of its common stock and paid $18 per share.
3. During September 2015, Todd purchased another 50,000 shares of its common stock and paid $17 per share.
4. During December 2015, Todd sold 50,000 of the treasury shares for $20 per share.

Assume Todd uses a weighted average method to account for the cost of treasury shares it reissues. Todd rounds any per share calculation amounts to the nearest penny. Prepare the entry for each of these transactions under the cost method of accounting for treasury stock.