On January 1, 2020, the stockholders' equity section of Grouper Corporation shows: Common stock ($5 par...

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On January 1, 2020, the stockholders' equity section of Grouper Corporation shows: Common stock ($5 par value) $1,510,000; paid- in capital in excess of par value $44,100; and retained earnings $1,235,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 40,000 shares for cash at $20 per share. July 1 Sept. 1 Sold 6,300 treasury shares for cash at $27 per share. Sold 5,300 treasury shares for cash at $18 per share. On January 1, 2020, the stockholders' equity section of Grouper Corporation shows: Common stock ($5 par value) $1,510,000; paid- in capital in excess of par value $44,100; and retained earnings $1,235,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 40,000 shares for cash at $20 per share. July 1 Sept. 1 Sold 6,300 treasury shares for cash at $27 per share. Sold 5,300 treasury shares for cash at $18 per share.