Dynasty Corporation had stockholders' equity on January 1 as follows: Common Stock, $5 par value, 1,000,000 shares authorized, 400,000 shares issued; Paid-in Capital in Excess of Par Value, Common Stock, $800,000; Retained Earnings, $3,600,000.

Answer the following related to retired stock. Retiring stock reduces the number of __________ stocks Retired stock is the same as __________ and __________ stock When stocks are purchased and retired common stock and APIC-C/S accounts related to the shares are _________________. If the purchase price exceeds the net amount removed from all capital accounts, the excess is debited first to _____________ (not below zero) then to ______________. If the purchase price exceeds the net amount removed from all capital accounts, the excess is ___________________________. A companys __________ and ____________ are always reduced by the amount paid for the retiring stock.