1.The initial number of authorized shares specified in the company's articles of incorporation is 25,000 shares of $10 par value per share common stock. A few weeks later, the company issues 10,000 shares of this common stock for $26 in cash per share. Later, the company buys back 1,000 shares of this stock for the same $26 per share and retires these shares. What is reported in this company's balance sheet in its Common Stock account?

$250,000

$100,000

$74,000

$90,000