ABC Company has the following balances in its Stockholders' Equity accounts: Common stock, 85 par, 200,000 shares outstanding $ 1,000,000 Paid-in capital in excess of par, common stock 1,200,000 Retained earnings 2,000,000 Accumulated other comprehensive income 200,000 Total stockholders equity $ 4,400,000 Prepare journal entries to record the following transaction: 1.) On February 1 you purchase 8,000 shares of your own common stock for $10 per share. 2.) On March 1 you reissue 3,000 shares of this stock for $12 per share. Prepare the necessary journal entry 3.) On April Fool's Day you reissue the remaining 5,000 shares for 88 per share. Artal (120) TEE