Kettle Inc. was organized on January 2, Year 1 , with

5,000,000

authorized and outstandi transactions:\ January 5 issued

1,900,000

shares at

$13

per share.\ July 27 purchased 300,000 shares at

$15

per share.\ November 25 sold 145,000 shares of treasury stock at

$19

per share.\ Kettle used the cost method to record the purchase of the treasury shares. What would be the balance in the APIC - Treasury Stock account at December 31, Year 1?\

$580,000

\

$2,755,000

\

$290,000

5. Kettle Inc. was organized on January 2, Year 1 , with 5,000,000 authorized and outstandi shares of $2 par value common stock. During Year 1 , the company had the transactions: 2 January 5 issued 1,900,000 shares at $13 per share. July 27 purchased 300,000 shares at $15 per share. November 25 sold 145,000 shares of treasury stock at $19 per share. Kettle used the cost method to record the purchase of the treasury shares. What would be the balance in the APIC - Treasury Stock account at December 31, Year 1 ? $580,000 $2,755,000 $290,000 5. Kettle Inc. was organized on January 2, Year 1 , with 5,000,000 authorized and outstandi shares of $2 par value common stock. During Year 1 , the company had the transactions: 2 January 5 issued 1,900,000 shares at $13 per share. July 27 purchased 300,000 shares at $15 per share. November 25 sold 145,000 shares of treasury stock at $19 per share. Kettle used the cost method to record the purchase of the treasury shares. What would be the balance in the APIC - Treasury Stock account at December 31, Year 1 ? $580,000 $2,755,000 $290,000