Treasury Stock Transactions Lava Lake Inc, botties and distributes spring water. On February 11 of the current year, Lava Lake reacquired 4,000 shares of as common stock at 586 per share. On Apel 30, Lava Lake Inc. sold 2,800 of the reacquired shares at $96 per share. On August 22 , Lava Lake Inc. sold 1,200 shares at $83 per share. a. Journalize the transactions of Fetruary 11, Aprit 30, and August 22. For a compound transaction, if an amount box does not require an entry, leave it blank. b. What is the balance in Paid-in Capital from sale of Treasury stock on December 31 of the current year? 5