ASAP TY

On December 1,2026, Wildhorse Corporation exchanged 50500 shares of its $10 par value common stock held in treasury for a used machine. The treasury shares were acquired by Wildhorse at a cost of $40 per share and are accounted for under the cost method. On the date of the exchange, the common stock had a fair value of $55 per share (the shares were originally issued at $30 per share). As a result of this exchange, Wildhorse's total stockholders' equity will increase by $505000. $2020000. $2272500. $2777500