Problem 13-02A a-c (Part Level Submission) Ayayai Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock ($4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $175,000, and Retained Earnings $100,000. In 2020, the company had the following treasury stock transactions Mar. 1 Purchased 5,500 shares at $8 per share. June 1 Sold 1,000 shares at $12 per share. Sept.1 Sold 1,000 shares at $10 per share. Dec. 1 Sold 1,000 shares at $6 per share. Ayayai Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $25,000