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Pharoah Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 21,000 shares issued $105,000 Paid-in capital in

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Pharoah Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 21,000 shares issued $105,000 Paid-in capital in excess of par-common stock Retained earnings 298,000 322,000 Total stockholders' equity $725,000 During 2020, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Pharoah repurchased 2,130 shares of treasury stock at a price of $18 per share. 880 shares of treasury stock repurchased above were reissued at $16 per share. 450 shares of treasury stock repurchased above were reissued at $13 per share. 650 shares of treasury stock repurchased above were reissued at $21 per share.

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