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Teal Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 19,600 shares issued Paid-in capital in excess of
Teal Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 19,600 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $98,000 299,000 317,000 $714,000 During 2020, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Teal repurchased 2,110 shares of treasury stock at a price of $17 per share. 830 shares of treasury stock repurchased above were reissued at $15 per share. 550 shares of treasury stock repurchased above were reissued at $13 per share. 660 shares of treasury stock repurchased above were reissued at $20 per share. Prepare the stockholders' equity section as of April 30, 2020. Net income for the first 4 months of 2020 was $142,400. (Enter account name only and do not provide descriptive information.) TEAL COMPANY Stockholders' Equity April 30, 2020 Common Stock $ 98000 Paid-in Capital in Excess of Par - Common Stock 299000 Paid-in Capital from Treasury Stock 1980 Total Paid-in Capital 398980 Retained Earnings Less Treasury Stock 1190 i Total Stockholders' Equity $
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