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A company acquired 78,000 shares of its common stock at a price of $26 per share and accounted for them by the cost method. Par
A company acquired 78,000 shares of its common stock at a price of $26 per share and accounted for them by the cost method. Par value per share is $6. Subsequently, these shares were reissued at a price of $19 per share. Paid-in Capital from T/S prior to the resale has a balance of $2,000. The resale of the stock decreases retained earnings by _______________. (If the resale does not affect retained earnings, then enter 0).
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