Problem 13-02A a-c Fechter Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock (5 par) 5500,000, Paid-in Capital in Excess of Par-Common Stock $200,000, ard Retained Earringt $100,000. In 2020, the company had the following treasury stock transactions Mar. 1 Purchased 5,000 shares at 58 per share June 1 Sold 1,000 shares at $12 per share Sept.1 Sold 2,000 shares at $10 per share. Dec 1 Sold 1,000 shares at 57 per share Fechter Corporation uses the cost method of accounting for tresury stock. In 2020, the company reported net income of $30,000 Journalce the treasury stock transactions, and prepare the closing entry December 31, 2020, for net income. (Record journal entries in the order presented in the problem. Credit account na intent manually.) Prepare the stockholders' equity section for Fechter Corporation at December 31, 2020. (Enter the account nam question.) FECHTER CORPORATION Balance Sheet (Partial)