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Elroy Corporation repurchased 1,100 shares of its own stock for $50 per share. The stock has a par of $10 per share. A month later

Elroy Corporation repurchased 1,100 shares of its own stock for $50 per share. The stock has a par of $10 per share. A month later Elroy resold 275 shares of the treasury stock for $58 per share.

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What is the balance of the Treasury Stock account after these transactions are recognized?

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