The equity section of a balance sheet at December 31, 2014, is presented below:
On May 15, 2015, the company reacquired 1,000 shares of its common stock at $15 per share. Then on July 1, 2015, 500 shares of treasury stock were sold for $20 per share.

Question

The equity section of a balance sheet at December 31, 2014, is presented below:
  On May 15, 2015, the company reacquired 1,000 shares of its common stock at $15 per share. Then on July 1, 2015, 500 shares of treasury stock were sold for $20 per share.

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The Answer of The equity section of a balance sheet at December 31, 2014, is presented below:
  On May 15, 2015, the company reacquired 1,000 shares of its common stock at $15 per share. Then on July 1, 2015, 500 shares of treasury stock were sold for $20 per share.

The Equity Section of a Balance Sheet at December 31