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10) Coy, Inc. initially issued 100,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased for treasury 20,000 shares for

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10) Coy, Inc. initially issued 100,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased for treasury 20,000 shares for $100,000. In 2018, 10,000 of the repurchased shares were resold for $100,000. In its balance sheet dated December 31, 2018, Coy, Inc.'s treasury stock account shows a balance of: A) $0. B) $50,000. c) $100,000. D) $200,000

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