Sheridan Company had the following stockholders equity as of January 1, 2017. Common stock, $5 par value, 18,700 shares issued $93,500 Paid-in capital in excess of parcommon stock 295,000 Retained earnings 321,000 Total stockholders equity $709,500 During 2017, the following transactions occurred.

Feb. 1

Sheridan repurchased 1,970 shares of treasury stock at a price of $19 per share.

Mar. 1

840 shares of treasury stock repurchased above were reissued at $17 per share.

Mar. 18

500 shares of treasury stock repurchased above were reissued at $14 per share.

Apr. 22

620 shares of treasury stock repurchased above were reissued at $21 per share.