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Problem 15-2 (Part Level Submission) Kingbird Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 20,200 shares issued Paid-in capital in excess of par-common stock Retained earnings $101,000 303,000 319,000 $723,000 Total stockholders' equity During 2017, the following transactions occurred Feb. 1Kingbird repurchased 2,060 shares of treasury stock at a price of $18 per share Mar.1 720 shares of treasury stock repurchased above were reissued at $16 per share Mar. 18 490 shares of treasury stock repurchased above were reissued at $15 per share Apr. 22 650 shares of treasury stock repurchased above were reissued at $20 per share (a) Prepare the journal entries to record the treasury stock transactions in 2017, assuming Kingbird uses the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 1 Treasury Stock Cash Mar. 1 Cash Retained Earnings Treasury Stock Mar. 18 Cash Retained Earnings Treasury Stock Apr. 22 Cash Treasury Stock Paid-in Capital from Treasury Stock