Please solve both. Handwritten if possible because chegg cuts out the answers if it's an uploaded chart. Thanks

7. Maine Corporation purchased Treasury stock for $800,000 cash on 2-13-20. Maine Company resold the Treasury stock for $720,000 on 5-15-20. Maine has sufficient Additional Paid in Capital to absorb the loss. Required: Prepare the appropriate journal entries on 2-13-20 and 5-15-20. 8. Michigan Corporation purchased Treasury Stock for $500,000 cash on 3-3-20. Michigan sold the Treasury stock for $560,000 cash on 5-1-20. Required: Prepare the appropriate Journal entries on 3-3-20 and 5-1-20