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Show the solution: 31. On 12/31/17, Peter Corporation's equity section of the balance sheet is: Common stock (par $10), 900,000 shares outstanding APIC Retained earnings

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31. On 12/31/17, Peter Corporation's equity section of the balance sheet is: Common stock (par $10), 900,000 shares outstanding APIC Retained earnings Total equity 9,000,000 2,700,000 1,300,000 13,000,000 Peter later repurchases and retires 100,000 shares of stock for $1,800,000. What does the equity section look like now? Show all categories. (10 points)

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