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Karl Corporation was organized on January 2, 2013. During 2013, Karl issued 20,000 shares at $24 per share. On February 15, 2013 Karl purchased 3,000

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Karl Corporation was organized on January 2, 2013. During 2013, Karl issued 20,000 shares at $24 per share. On February 15, 2013 Karl purchased 3,000 shares of treasury stock at $26 per share. On March 1, 2013 the corporation sold 1,000 shares of the Treasury Stock for $30 per share. After the sale of the Treasury Stock, what is the balance in the Paid-in-Capital Treasury Stock account and the the number of shares outstanding? Select one None of the above $4,000 and 18,000 shares $72,000 and 17,000 shares $4,000 and 20,000 shares

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