Repeat the requirements of 15-9 and assume that the shares are retired rather than held in the

Question:

Repeat the requirements of 15-9 and assume that the shares are retired rather than held in the treasury.
In 15-9
Common stock ($ 1 par, 1,000,000 shares authorized, 600,000 shares issued and outstanding) ……………………………………………….................................$ 600,000
Additional paid- in capital in excess of par – common …………..1,800,000
Retained earnings ………………………………………………...... 2,000,000