Treasury Stock Transactions Sun Dance Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On June 3 of the current year, Sun Dance Gardens Inc. reacquired 14,100 shares of its common stock of $31 per share. Sun Dance had not previously purchased any treasury shares. a. What is the balance of Treasury Stock on December 31 of the current year? b. How will the balance in Treasury Stock be reported on the balance sheet? c. Assume that Sun Dance Gardens sold 8,900 shares of its treasury stock at $33 on November 2. What accounts would be affected by the sale of the treasury stack? Paid-In Capital from Treasury Stock Cash Treasury Stock by by $ by