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(4 points) A company reports $520,000 net income and $1.02 earnings per common share on the income statement. The company paid $10,000 for preferred dividends.

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(4 points) A company reports $520,000 net income and $1.02 earnings per common share on the income statement. The company paid $10,000 for preferred dividends. Treasury stock has a balance of $75,000 (all common shares that were repurchased at par value). If the common stock has a par value of $1.50 per share, what is the balance of the common stock account (in dollars)? Write your final answer here

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