Treasury Stock Coastal Corporation issued 25.000 shares of 510 par value common stock at $22 per share and 6.000 shares of 560 par valueight percent preferred stock at 583 per share. Later, the company purchased 3.000 shares of its own common stock at 525 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $30 per share. Prepare the general journal entry to record the sale of this treasury stock. C. Assume that Coastal sold the remaining 1,000 shares of treasury stock at $20 per share. Prepare the journal entry to record the sale of this treasury stock, General Journal Description Detail Credit wwwdered sock Acque common ock Paid in Capital from Treasury Stock Sondres of sury stock Common Stock Issued common stock. Cash Common Stock Paid-in-Capital in Excess of Par Value - Common Stock 8 Percent Preferred Stock Paid-in-Capital in Excess of Par Value - Preferred Stock Treasury Stock - Common Paid-in-Capital from Treasury Stock muyureu CUITUTIUIT SUUR