On January 1,2022, the stockholders equity section of concord corporation shows common stock (55 par value)S1500000 paid in capital in excess of par 51040000;and retained earnings $1180000 during the year, the following treasury stock transactions occurred mar 1 purchased $47000 shares for cash at $15 per a share july 1 sold $12000 treasury shares for cash at $17 per share.sept.1 sold S11000 treasury shares for cash $14 per share restate the entry for september 1, assuming the treasury shares were sold at $11 per share