Information from the shareholders equity footnote for Mendes Manufacturing follows.

Required
Prepare the journal entries for 2015 and 2016 to reflect the treasury stock transactions included in the footnote provided above.

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Additional Paid-in Capital from Treasury Stock Transactions 2016 2015 2014 Balance at January 1 Increase in equity on treasury stock dispositions Decrease in equity on treasury stock dispositions Balance at December 31 S 20,996 $20,746 $20,032 5,538 250 714 S 26,534 2016 $ 99,823 20,183 10,313) $109,693 $20,996 $20,746 2015 2014 $82,570 17000 Retained Eamings Balance at January 1 Net earnings Dividends Balance at December 31 $90.951 18,283 9,311) $99,823 8,719) $90,851 2014 32,299 3,421 Common Stock Heid in Treasury 2016 2015 Balance at January 1 Purchases Dispositions Balance at December 31 S 29,516 $31,952 1,412 3,948) $29,516 2,270 (16,472) s 15.314 3,768) $31.952