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Coronado Inc. has a total of 100000 common shares issued and outstanding with a balance in its Common Shares account of $460000. On February 8,

Coronado Inc. has a total of 100000 common shares issued and outstanding with a balance in its Common Shares account of $460000. On February 8, Coronado reacquired 15200 of its common shares at a market price of $4.50 per share. To record this reacquisition Coronado would debit the Common Shares account for

$60800.

$68400.

$69920.

$76000.

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