1. 12) Green Company issued 20,000 shares of $5 par common stock. Six months later Green acquired 4,000 shares of its own common stock at $12 per share. Three months later Green sold 1,000 of these shares at $18 per share. If the cost method is used to record treasury stock transactions, to record the sale of the 1,000 treasury shares, Green should credit Treasury Stock at?

1. 13) Presented below is the stockholders equity section of Blue Corporation at December 31, 2020:

Common stock, par value $20; authorized 75,000 shares; issued and outstanding 45,000 shares $900,000

Paid-in-capital in excess of par value 350,000

Retained earnings 500,000

During 2021, the following transactions occurred related to stockholder equity:

3,000 shares were reacquired at $28 per share.

3,000 shares were reacquired at $35 per share.

3,200 shares of treasury stock were sold at $30 per share.

For the year ended December 31, 2021, Blue reported net income of $450,000. Assuming Blue accounts for treasury stock under the cost method, what should it report as total stockholders equity on its December 31, 2021, balance sheet?