XYZ Co. is a large manufacturer of lighting fixtures and components. Selected account balances from XYZ Co.'s December 31, 2018 Balance Sheet are as follows: Common Stock ($1 par value, 1,000,000 shares authorized, 775,000 shares outstanding) Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock (50,000 shares, at cost) Selected transactions occurred during 2020. 2/5/19 Issued 125,000 shares of common stock at $30 per share 5/23/19 Sold all shares of Treasury Stock for $18 per share 7/2/19 Declared a 5% stock dividend on common stock. The stock was trading at a price of $27 per share 10/7/19 5 11/11/19 12/1/19 8 12/31/19 Issued shares of stock for the stock dividend declared on July 2. Purchased 32,000 shares of treasury stock for $26 per share Declared a cash dividend of $0.25 per share on common stock Closed the two dividend accounts to Retained Earnings 9 Calculations 1 775,000 900,000 36,450,000 675,000 1. Post the 2020 transactions to the correct accounts, and compute ending balances in each account. Note: disregard any debits or credits to Cash 3 4 enter data in blue cells (necessory) 5 enter formulas in yellow cells Common Stock 8: Jan 1 Bal 775,000 Jan 1 Ball P.1.C excess of Par Jan 1 Bal 900,000 Treasury Stock 675,000 P.I.C from sale of Treasury Stock