Ember Company originally issued 3,000 shares of $10 par value common stock for $90,000 ($30 per share). Ember subsequently purchases 300 shares of treasury stock for $27 per share and resells the 300 shares of treasury stock for $29 per share. In the entry to record the sale of the treasury stock, there will be a (Points : 1)

credit to Common Stock for $8,100. credit to Paid-In Capital from Treasury Stock for $600. debit to Paid-In Capital in Excess of Par of $9,000. credit to Treasury Stock for $3,000. none of the above

Ember Company was organized on January 2, 2013. During 2013, Ember issued 20,000 shares at $24 per share, purchased 3,000 shares of treasury stock at $26 per share, and had net income of $300,000. What is the total amount of stockholders equity at December 31, 2013? (Points : 1)

$640,000 $720,000 $708,000 $270,000 none of the above