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At January 1, 2020, JYA Corporation had outstanding 11,000 shares of 13%, $12 par value preferred stock and 37,000 shares of $9 par value common
At January 1, 2020, JYA Corporation had outstanding 11,000 shares of 13%, $12 par value preferred stock and 37,000 shares of $9 par value common stock. The stockholders' equity account balances of JYA Corporation at January 1, 2020 are given below: Preferred stock Paid-in capital preferred stock Common stock Paid-in capital common stock Retained earnings Total stockholders' equity January 1, 2020 $132,000 $154,000 $333,000 $259,000 $118,000 $996,000 During January, JYA Corporation entered into the following transactions: January 6: Re-acquired 24,000 of the common shares for $25 per share January 11: Re-issued 3,000 of the shares re-acquired on January 6 for $29 per share January 14: Re-issued 5,000 of the shares re-acquired on January 6 for $21.93 per share January 18: Issued 8,800 previously un-issued common shares for $26 per share January 22: Re-issued 4,000 of the shares re-acquired on January 6 for $31 per share January 28: Re-issued 6,000 of the shares re-acquired on January 6 for $24.77 per share Calculate the balance in the retained earnings account at January 31, 2020
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