Treasury Stock Transactions Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 180,000 shares of its common stock at $17 per share. On April 30, Lava Lake Inc. sold 90,000 of the reacquired shares at $20 per share. On August 22, Lava Lake Inc. sold 30,000 shares at $15 per share. a. Journalize the transactions of February 11, April 30, and August 22. If an amount box does not require an entry, leave it blank. Feb. 11 Treasury Stock Cash 3,060,000 3,060,000 Apr. 30 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock 1,800,000 1,530,000 270,000 Aug. 22 Cash 450,000 Paid-In Capital from Sale of Treasury Stock Treasury Stock 270,000 X 510,000 Feedback Check My Work b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? Credit