67- The Stockholders' Equity section of Snack, Inc.'s balance sheet on January 1, 2012, appeared as follows:

Common stock, $30 par, 20,000 shares issued and outstanding $ 600,000

Additional paid-in capital--Common 240,000

Retained earnings 700,000

Total stockholders' equity $1,540,000

On March 1, 2012, Snack reacquired 4,000 shares of common stock at $50 per share. All common shares were originally sold for $42 each. How much should be reported in the treasury stock account on the March 31, 2012 balance sheet?