Fechter Corporation had the following stockholders equity accounts on January 1, 2015: Common Stock ($4 par) $438,920, Paid-in Capital in Excess of ParCommon Stock $179,280, and Retained Earnings $109,760. In 2015, the company had the following treasury stock transactions.

Mar. 1 Purchased 6,240 shares at $8 per share.

June 1 Sold 1,500 shares at $13 per share.

Sept. 1 Sold 1,590 shares at $11 per share.

Dec. 1 Sold 1,350 shares at $7 per share.

Fechter Corporation uses the cost method of accounting for treasury stock. In 2015, the company reported net income of $34,010.

Fechter Corporation had the following stockholders' equity accounts on January 1, 2015: Common Stock ($4 par) $438,920, Paid-in Capital in Excess of Par-Common Stock $179,280, and Retained Earnings $109,760. In 2015, the company had the following treasury stock transactions. Mar 1 Purchased 6,240 shares at $8 per share. June : Sold 1,500 shares at 51 per share. Sept.1 Sold 1,590 shares at 511 per share. Dec. 1 Sold 1,350 shares at 57 per share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2015, the company reported net income of $34,010. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2015, for net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Mar! June 1 Sept. 1 Dec. 1 Dec. 31 Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. Post to these accounts using J10 as the posting reference. (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Treasury Stock 21 10 Retained Earnings 21 Prepare the stockholders' equity section for Fechter Corporation at December 31, 2015. (Enter the account name only and do not provide the descriptive information provided in the question.) FECHTER CORPORATION Balance Sheet (Partial) December 31, 2015 TiltottATION boting