On January 1, 2018, Southwestern Corporation had the following account balances in its shareholders' equity accounts (26 marks) 600,000 400,000 Common stock, $6 par, 100,000 shares issued Paid-in capital-excess of par, common Paid-in capital-excess of par, preferred Preferred stock, $40 par, 10,000 shares issued 100,000 400,000 Retained earnings 200,000 In 2018, Southwestern Corporation completed the retirement transactions listed below. February 2 Reacquired 70,000 shares at $12. March 17: Reacquired 20,000 shares at $8. May 17: Sold 25,000 shares at $9. On January 1, 2018, Southwestern Corporation had the following account balances in its shareholders' equity accounts (26 marks) 600,000 400,000 Common stock, $6 par, 100,000 shares issued Paid-in capital-excess of par, common Paid-in capital-excess of par, preferred Preferred stock, $40 par, 10,000 shares issued 100,000 400,000 Retained earnings 200,000 In 2018, Southwestern Corporation completed the retirement transactions listed below. February 2 Reacquired 70,000 shares at $12. March 17: Reacquired 20,000 shares at $8. May 17: Sold 25,000 shares at $9