On 1 January 20X1, Grey Corp. issued 375,000 no-par common shares at $4 per share. In 20X5, there were treasury stock transactions. On 15 January 20X5, the company purchased 4,200 of its own common shares at $3 per share to be held as treasury stock. On 1 March, 750 of the treasury shares were resold at $4.50. On 15 March, 500 shares were purchased for $1.42. On 31 March, 850 of the treasury shares were sold for $1.75. The remaining shares were cancelled and retired on 1 June. The balance in retained earnings was $962,500 prior to these transactions.

Required:
1. Provide all 20X5 entries.
2. Calculate the resulting balance in each of the shareholders’ equity accounts.