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C. Worthy Ships initially issued 370,000 shares of $1 par stock for $1,850,000 in 2021. In 2023, the company repurchased 37,000 shares for $370,000. In
C. Worthy Ships initially issued 370,000 shares of $1 par stock for $1,850,000 in 2021. In 2023, the company repurchased 37,000 shares for $370,000. In 2024, 18,500 of the repurchased shares were resold for $296,000. In its balance sheet dated December 31, 2024, C. Worthy's treasury stock account shows a balance of: Multiple Choice $185,000 O $74,000 O $370,000 $0
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