Ellison Company's balance sheet shows:Common stock, $20 par$3,000,000Paid-in capital in excess of par1,050,000Retained earnings750,000InstructionsPrepare the journal entry for these transactions under the cost method of accounting for treasury stock.(a) Bought 12,000 shares of its common stock at $29 a share.(b) Sold 6,000 treasury shares at $30 a share.(c) Sold 3,000 shares of treasury stock at $26 a share.

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