lemson Company had the following stockholders equity as of January 1, 2014. Common stock, $5 par value, 27,900 shares issued $139,500 Paid-in capital in excess of parcommon stock 315,100 Retained earnings 348,800 Total stockholders equity $803,400 During 2014, the following transactions occurred. Feb. 1 Clemson repurchased 2,220 shares of treasury stock at a price of $18 per share. Mar. 1 830 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 18 450 shares of treasury stock repurchased above were reissued at $13 per share. Apr. 22 640 shares of treasury stock repurchased above were reissued at $21 per share. (b) Prepare the stockholders equity section as of April 30, 2014. Net income for the first 4 months of 2014 was $130,800