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4. Zoey was organized on January 2, year 1, with 100,000 authorized shares of $10 par value common stock. During year 1, Zoey had the

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4. Zoey was organized on January 2, year 1, with 100,000 authorized shares of $10 par value common stock. During year 1, Zoey had the following capital transactions: a. January 5- issued 75,000 shares at $14 per share b. December 27- purchased 5,000 shares at $11 per share What should the balance be in the Treasury Stock -APIC at December 31, year 1

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