Problem 11-2A Fechter Corporation had the following stockholders' equity accounts on January 1, 2015: Common Stock ($5 par) $532,900, Paid-in Capital in Excess of Par-Common Stock $199,950, and Retained Earnings $119,670. In 2015, the company had the following treasury stock transactions Mar. 1 Purchased 6,380 shares at $9 per share. June 1 Sold 1,500 shares at $13 per share. Sept.1 Sold 1,520 shares at $11 per share Dec. 1 Sold 1,420 shares at $6 per share Fechter Corporation uses the cost method of accounting for treasury stock. In 2015, the company reported net income of $29,800