Using Par Value Method what is the amount that should appear on Stockholders' Equity for Paid-in Excess of Par for the following:
Issued 10,000 shares of common stock, $1par, at$15 on 1/1/10. Net income for year = $30,000. During 2011 following transactions occurred: Reacquired 1000 shares common stock @$40per share
Sold 200 shares of treasury stock at $50 per share Sold 500 shares of treasury stock at$34 per share
Retired remaining 300 shares of treasury stock

I was able to figure out the journal entries for each but when I get to the stockholder's statement I don't understand how the book arrived at \$126,000 for Paid-in Capital in excess of Par.