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Elroy Corporation repurchased 1,400 shares of its own stock for $30 per share. The stock has a par of $5 per share. A month later,

Elroy Corporation repurchased 1,400 shares of its own stock for $30 per share. The stock has a par of $5 per share. A month later, Elroy resold 350 shares of the treasury stock for $38 per share.

Required: What is the balance of the Treasury Stock account after these transactions?

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