On January 1, 2022, the stockholders' equity section of Cheyenne Corp.shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,060,000; and retained earnings $1,160,000. During the year, the following treasury stock transactions occurred. Mar. 1 1 July Sept. Purchased 47,000 shares for cash at $15 per share. Sold 11,500 treasury shares for cash at $17 per share. Sold 9,500 treasury shares for cash at $14 per share. 1