Problem 11-02A a-c (Part Level Submission) Marigold Corp. had the following stockholders' equity accounts on January 1, 2020: Common Stock ($5 par) $540,000, Paid-in Capital in Excess of Par-Common Stock $182,980, and Retained Earnings $117,150. In 2020, the company had the following treasury stock transactions. Mar. 1 Purchased 6,410 shares at $9 per share. June 1 Sold 1,000 shares at $13 per share. Sept. 1 Sold 1,050 shares at $10 per share. Dec. 1 Sold 1,030 shares at $7 per share. Marigold Corp. uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $30,070. (a) Your answer is correct. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income. (Record journal entries in the order presented in the problem. 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 o for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 v Treasury Stock 57690 Cash 57690 June 1 v Cash 13000 Treasury Stock 9000 Paid-in Capital from Treasury Stock 4000 Sept. 1 v Cash 10500 Treasury Stock 9450 Paid-in Capital from Treasury Stock 1050 Dec. 1 v Cash 7210 Paid-in Capital from Treasury Stock 2060 Treasury Stock 9270 Dec. 31 V Income Summary 30070 Retained Earnings 30070 (b) Open accounts for (1) Paid-in Capital from Treasury Stock, (2) Treasury Stock, and (3) Retained Earnings. (Post to T-accounts.) (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Treasury Stock >