Question: Please help me with this problem. This subject is Intermediate Accounting. Thankyou The data below are from the December 31, 2017, balance sheet of CAREBEAR

Please help me with this problem. This subject is Intermediate Accounting. Thankyou

The data below are from the December 31, 2017, balance sheet of CAREBEAR CO Common stock, P10 par P500,000 Paid-in capital in excess of par 150,000 Retained earnings 600,000 During 2018, the following transactions affecting corporate capital were recorded: Aug. 01 Purchased 6,000 shares of treasury stock at P15 per share Sep. 15 Reissued 1,500 treasury shares at P20 per share Oct. 07 Reissued 1,500 treasury shares at P13 per share Nov. 30 Retired the remaining treasury shares. The treasury shares are accounted for using the cost method

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