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Emma, Inc. reacquired 102,511 of its shares at $20 per share as treasury stock. Last year, for the first time, Emma sold 35,686 treasury shares

Emma, Inc. reacquired 102,511 of its shares at $20 per share as treasury stock. Last year, for the first time, Emma sold 35,686 treasury shares at $25 per share. By what amount will Emma's retained earnings decline if it now sells 49,944 treasury shares at $15 per share?________________

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