Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 6,700 shares of its common stock at $91 per share. On September 22, Mystic Lake sold 4,700 of the reacquired shares at $101 per share. The remaining 2,000 shares were sold at $87 per share on November 23 a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank July 9 Sept. 22 Nov. 23 b. What is the balance in Paid-in Capital from Sale of Treasury Stock on December 31 or the current year c. For what reasons might Mystic Lake Inc. have purchased the treasury stock