During Year 1, Long Beach Corporation completed the treasury stock transactions described below: Jan. 2 Reacquired 1,000 shares at $10 per share Feb. 2 Sold 400 shares at $12 per share Prepare the appropriate journal entry to record the sale of the treasury stock on February 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field).

Event	General Journal	Debit	Credit
01	Cash	4,800
	Treasury Stock
	Paid- in Capital – Share repurchase