Sisi Ltd. had the following equity accounts on January 1,2018 : Share Capital Ordinary ($1.5 par) $375,000, Share Premium-Ordinary $625,000 and Retained Earnings $200,000. In 2017, the company had the following treasury share transactions. Mar 3 Purchased 4,000 shares at $7 per share June 9 Sold 500 shares at $10 per share Sept 11 Sold 200 shares at $9 per share Dec 2 Sold 900 shares at $6 per share Dec 21 Sold 1,500 shares at $4 per share Sisi Ltd. uses the cost method of accounting for treasury shares. In 2018, the company reported net income of $90,000