Problem: Propst-Steele Production Corporation's accounting records provide the following information: 1. Issued 5,000 shares of no-par common stock at $15 per share. 2. Issued an additional 5,000 shares of no-par common stock at $17 per share. 3. Reacquired 500 shares of its no-par common stock at a cost of $12.50 per share. 4. Reissued 200 of its treasury shares at $14 per share. 5. Reissued the remaining treasury shares at $11 per share. Required: Prepare journal entries to account for the preceding stock transactions of Propst-Steele Production, assuming it uses the cost method for treasury stock.