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Coronado Industries started business in 2015 by issuing 219000 shares of $22 par common stock for $29 each, In 2020,25100 of these shares were purchased

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Coronado Industries started business in 2015 by issuing 219000 shares of $22 par common stock for $29 each, In 2020,25100 of these shares were purchased for $41 per share by Coronado Industries and held as treasury stock. On June 15, 2021, these 25100 shares were exchanged for a piece of property that had an assessed value of $768000. Coronado's stock is actively traded and had a market price of $47 on June 15,2021 . The cost method is used to account for treasury stock. The amount of paid in capital from treasury stock transactions resulting from the above events would be $450600 $150600. $758000. $215600

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