Swifty Company had the following stockholders’ equity as ofJanuary 1, 2017. During 2017, the following transactions occurred. a) Prepare the journal entries to record the treasury stocktransactions in 2017, assuming Swifty uses the cost method.(Credit account titles are automatically indented whenamount is entered. Do not indent manually. If no entry is required,select “No Entry” for the account titles and enter 0 for theamounts.) b)Prepare the stockholders’ equity section as of April 30, 2017.Net income for the first 4 months of 2017 was $140,400.(Enter account name only and do not provide descriptiveinformation.) . . .