The Magic Flute Company Provides the Following Information from the Stockholders

The Magic Flute Company provides the following information from the Stockholders' Equity section of the balance sheet:
$$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Common Stock, } \$ 1 \text { par value, } 200,000 \text { shares issued and } \\\text { putstanding }\end{array} & \$ 200,000 \\\hline \text { Additional Paid-in Capital in Excess of Par-Common } & 1,400,000 \\\hline \text { Retained Earnings } & 1,520,000 \\\hline \text { Total Stockholders' Equity } & \$ 3,120,000 \\\hline\end{array}$$
Magic Flute had the following transactions related to treasury shares:
January 1 Acquired 30,000 shares of its common stock in the open market for $12 per share
March 1 Sold 5,000 treasury shares for $16
April 1 Sold 5,000 treasury shares for $6
May 1 Retired 5,000 treasury shares
Prepare the necessary journal entries to record all treasury stock transactions.