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The stockholders equity section of Peter Corporations balance sheet at December 31,20X1, follows: ...

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Accounting

The stockholders equity section of Peter Corporations balance sheet at December 31,20X1, follows:
Common stock ($10 par value); authorized 1,000,000 shares, issued
and outstanding 900,000 shares $ 9,000,000
Additional paid-in capital 2,700,000
Retained earnings 1,300,000
Total stockholders equity $ 13,000,000
On January 2,20X2, Peter purchased and retired 100,000 shares of its stock for $1,800,000.
Required:
What is the balance in the Additional paid-in capital and Retained earnings accounts immediately after the shares were retired?

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