Larkspur Corporation has outstanding 21,000 shares of $5 par value common stock. On August 1, 2017, Larkspur reacquired 210 shares at $86 per share. On November 1, Larkspur reissued the 210 shares at $77 per share. Larkspur had no previous treasury stock transactions. Prepare Arantxa’s journal entries to record these transactions using the cost method

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)