Kingbird, Inc. purchased from its stockholders 5.200 shares of its own previously issued stock for $270,400. it later resold 1,500 shares for $55 per share, then 1.500 more shares for $50 per share, and finally 2,200 shares for $44 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (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 for the amounts) Account Titles and Explanation Debit Credit (To record purchase from stockholders.) (To record sales of shares at $55 per share.)