Suppose Maria earns $550 per week working as a corporate attorney for Rowan and Martin Associates. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Kevin $350 per week to work the cash register. Kevin uses $250 to purchase legal service from Rowan and Martin Associates. Identify whether each of the following events in this scenario occurs in the factor market or the product market.
Event Factor Market Product Market
A. Maria earns $825 per week working for Rowan and Martin Associates.
B. Edison spends $325 to purchase legal service from Rowan and Martin Associates
C. Maria spends $9 to buy box of aspirin.
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.
A. Hilary's labor.
B. The $325 Edison spends to purchase legal service from Rowan and Martin Associates.
C. The aspirin Hilary receives.
D. The $350 per week Edison earns working for Pillmart Pharmacy.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.