16 Problem: Module 3 Textbook Problem 16 0.5 points Skipped Learning Objective: 3-13 Show how treasury stock affects financial statements Elroy Corporation repurchased 2,400 shares of its own stock for $55 per share. The stock has a par of $20 per share. A month later Elroy resold 600 shares of the treasury stock for $63 per share. Required What is the balance of the Treasury Stock account after these transactions are recognized? Hint Balance of treasury stock Print