What is the balance of the treasury stock account

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Reference no: EM132028801

Elroy Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Elroy resold 900 shares of the treasury stock for $32 per share.

Required:

What is the balance of the Treasury Stock account after these transactions are recognized?

Reference no: EM132028801

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