Yohnalasse Corporation Has the Following Stockholders' Equity Accounts on January

Yohnalasse Corporation has the following stockholders' equity accounts on January 1 2017: $\begin{array}{llr} \text { Common Stock, \( \$ 10 \) par value } &\$1,500,000\\ \text { Paid-in Capital in Excess of \( \mathrm{Par} \) } &200,000\\ \text { Retained Earnings. } & \underline{500,000}\\ \text { Total Stockholders' Equity } & \underline{ \underline{\$2,200,000}}\\\end{array}$
The company uses the cost method to account for treasury stock transactions. During 2017 the following treasury stock transactions occurred: $$\begin{array} { l l l } \text { April } & 1 & \text { Purchased } 10,000 \text { shares at } \$ 18 \text { per share. } \\\text { August } & 1 & \text { Sold 4,000 shares at } \$ 22 \text { per share. } \\\text { October } & 1 & \text { Sold } 4,000 \text { shares at } \$ 15 \text { per share. }\end{array}$$ Instructions
(a) Journalize the treasury stock transactions for 2017.
(b) Prepare the Stockholders' Equity section of the balance sheet for Yohnalasse Corporation at December 31 2014. Assume net income was $110000 for 2017.