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63 Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 110 shares of its common stock on May

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63 Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 110 shares of its common stock on May 1 for $5.500. On July 1, it reissued 55 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2? Multiple Choice

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