Sheridan Company had the following stockholders equity accounts on January 1, 2020: Common Stock ($5 par) $514,500, Paid-in Capital in Excess of ParCommon Stock $181,440, and Retained Earnings $103,110. In 2020, the company had the following treasury stock transactions.

Mar. 1			Purchased 5,850 shares at $8 per share.
June. 1			Sold 1,120 shares at $12 per share.
Sept. 1			Sold 1,320 shares at $11 per share.
Dec. 1			Sold 1,180 shares at $6 per share.

a) Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income.

b) Open accounts for (1) Paid-in Capital from Treasury Stock, (2) Treasury Stock, and (3) Retained Earnings. (Post to T-accounts.) (Post entries in the order of journal entries presented in the previous part.)

c) Prepare the stockholder's equity section at Dec 31, 2020