=+EX 13-13 Treasury stock transactions objs. 5, 6

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b. $37,000 credit The following accounts and their balances were selected from the unadjusted trial balance of REO Inc., a freight forwarder, at October 31, the end of the current fiscal year:

Preferred 2% Stock, $100 par . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 750,000 Paid-In Capital in Excess of Par—Preferred Stock . . . . . . . . . . . . . 90,000 Common Stock, no par, $5 stated value . . . . . . . . . . . . . . . . . . . 400,000 Paid-In Capital in Excess of Stated Value—Common Stock . . . . . . 960,000 Paid-In Capital from Sale of Treasury Stock . . . . . . . . . . . . . . . . . 25,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,150,000