14.Show your calculation. Thirsty Thursday's Drinking Club had the following stockholders' equity section: Capital stock, par $10 (20,000 shares issued) Capital in excess of par value Retained earnings, balance January 1, 2009 Revenues earned during 2009 Expenses (excluding income tax) incurred during 2009 Cash dividends declared and paid (during 2009) Treasury stock (2,000 shares at cost) Average income tax rate, 30% $200,000 15,000 80,000 400,000 320,000 30,000 25.500 At what amount per share was the treasury stock purchased? A. $17.00. B. $10.00. C. $12.75. D. $15.00.

PLEASE SHOW WORK

4. Show your calculation. Thirsty Thursday's Drinking Club had the following stockholders' equity