Treasury Stock Sweater Vests Inc. started business on January 1,x1. its charter allows management to sell 4,000,000 shares of $1,50 par value common stock and 500,000 shares of $150 par value preferred stock. On January 5,1, 5weater Vests sold 300,000 shares of common stock for $3.50 per share. 1. On November 20,1, Vests repurchased 75,000 shares of their own stock on the open market for $2.00 per share. Record the transaction. 2. After the November 20entry, how many common shares are authorized? How many common shares are issued? How many common shares a outstanding? 3. On December 10+, Sweater Vests inc. sell 25,000 shares of the treasury stock for $1.75 per share. Please prepare the IE. 4. On December 20, Sweater Vests inc. sells 30,000 shares of the treasury stock for 53.00 per share. Please prepare the IE. 5. On January 20, sweater Vests inc. sells the final 20,000 shares of the treasury stock for $0.50 per share. Please prepare the JE