(Treasury Stock Transactions and Presentation) LLP Company had the following stockholders equaty as of January 1, 2020: Common stock, $1 par value, 120,000 shares issued Paid-in capital in excess of par-common stock Retained earnings S 120,000 833,000 408000 Total stockholders' equity $1,361,000 During 2020, the following transactions occurred: LLP repurchased 5,000 shares of treasury stock at a price of $15 per share. 200 shares of treasury stock repurchased above were reissued at $16 per share. 800 shares of treasury stock repurchased above were reissued at $12 per share 2,000 shares of treasury stock repurchased above were reissued at $18 per share. Feb. 16 Mar Apr. 11 May 8 Instructions (a) Prepare the journal entries to record the treasury stock transactions in 2020, assuming LLP uses the cost method (b) Prepare the stockholders' equity section as of June 30, 2020. Net income for the first 6 months of 2020 was $261,000