Question 11 of 13 View Policies < > 1.67/5 Show Attempt History Current Attempt in Progress Grouper Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($5 par) $550,000, Paid-in Capital in Excess of Par-Common Stock $180,000, and Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions. Mar 1 Purchased 5,500 shares at 58 per share. June 1 Sold 1,500 shares at $12 per share. Sept. 11 Dec 1 Sold 2.000 shares at $10 per share. Sold 1.000 shares at 56 per share. Grouper Corporation uses the cost method of accounting for treasury stock in 2022. the company reported net income of $30.000 (a) Your Answer Correct Answer Your answer is correct Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2022, for net income (Lista debit