Koehler Corporation reports the following components of stockholders equity on December 31, 2015

common stock - $20 par value, 100,000 shares issued and outstanding $1,000,000

paid in capital in excess of par value, common stock. 60,000

retained earnings per share. 460,000

total stockholders equity. $1,520,000

Jan 1, purchased 6,000 shares of its own stock at $20 cash per share