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Current Attempt in Progress On January 1, 2020, the stockholders' equity section of Swifty Corporation shows common stock ($6 par value) $1,800,000; paid-in capital

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Current Attempt in Progress On January 1, 2020, the stockholders' equity section of Swifty Corporation shows common stock ($6 par value) $1,800,000; paid-in capital in excess of par $1,040,000; and retained earnings $1,230,000. During the year, the following treasury stock transactions occurred. Mar 1 July 1 Sept 1 Purchased 47,000 shares for cash at $15 per share. Sold 12,000 treasury shares for cash at $17 per share. Sold 10,500 treasury shares for cash at $14 per share. (a)

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