Whyville Corporation obtained its charter from the state in January that authorized 500,000 shares of common stock, $1 par value. During the first year, the company earned $55,000 and the following selected transactions occurred in the order given: a. Issued 170,000 shares of the common stock at $20 cash per share. b. Reacquired 4,700 shares at $21 cash per share to use as stock incentives for senior management. - do journal entries for a & b - balance sheet