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Company ABC bought back 80,000 shares of its own common stock at $15 per share. Three months later the Company ABC sold 39,000 of these

Company ABC bought back 80,000 shares of its own common stock at $15 per share. Three months later the Company ABC sold 39,000 of these shares at $9 per share. If the cost method is used to record treasury stock transactions, what is the balance of the Treasury Stock account after the resale of the 39,000 treasury shares?

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