Question 4 Concord Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock ($5 por) $500,000, Paid-in Capital in Excess of Par-Common Stock $190,000, and Retained Earnings $110,000. In 2020, the company had the following treasury stock transactions Mar. 1 Purchased 6,000 shares at $9 per share. June 1 Sold 1,500 shares at $12 per share. Sept.1 Sold 1,500 shares at $11 per share. Dec. 1 Sold 1,500 shares at $7 per share. Concord Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $27,000 CALCULATOR PRINTER VERSION BA Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income. (Record fournal entries in the order presented in the pr Credit account tities are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 CES Questions The following stockholders' equity accounts, arranged Wphabetically, are in the ledger of Bramble Corporation et December 31, 2020. Common Stock ($4 stated value) $1,340,000 Paid-in Capital in Excess of Par-Preferred Stock 275,000 Pald-in Capital in Excess of Stated Value-Common Stock 855,000 Preferred Stock (8%, $105 par) 556,500 Retained Earnings 1,180,000 Treasury Stock (12,000 common shares) 144,000 Eudy Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descript the question.) BRAMBLE CORPORATION Partial Balance Sheet C Study SHOW LIST OF ACCOUNTS