Question: During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation:
a. Feb. 1 Repurchased 260 shares of the company's own common stock at $28 cash per share.
b. Jul. 15 Sold 70 of the shares purchased on February 1 for $29 cash per share.
c. Sept. 1 Sold 40 of the shares purchased on February 1 for $27 cash per share.