Kohler Corporation reports the following components of stockholders equity at December 31 of the prior year. Common stock$20 par value, 100,000 shares authorized, 60,000 shares issued and outstanding $ 1,200,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 370,000 Total stockholders' equity $ 1,630,000 During the current year, the following transactions affected its stockholders equity accounts. January 2 Purchased 5,000 shares of its own stock at $25 cash per share