Johnny Deng, Incorporated initially issued 320,000 shares of $1 par stock for $1,600,000 in 2022. In 2023, the company repurchased 32,000 shares for $320,000. In 2024, 16,000 of the repurchased shares were resold for $256,000. In its balance sheet dated December 31, 2024, Johnny Deng, Incorporated's treasury stock account shows a balance of: Multiple Choice $320,000. $0. $64,000. $160,000