Record treasury stock transactions under the cost method for XYZ Company

Original sale of the $50 par value common shares of XYZ Company was recorded as follows:

Cash 290,000
Common stock 250,000
Paid in capital in excess of par value 40,000

a: Bought 300 shares of common stock as treasury shares at $62
b: Sold 80 shares of treasury stock at $60
c: Sold 40 treasury shares at $68