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Mogadore Corporation issued 45,000 shares of $12 par value common stock for $540,000 on July 1. On August 1, 2010, Mogadore reacquired 400 shares at

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Mogadore Corporation issued 45,000 shares of $12 par value common stock for $540,000 on July 1. On August 1, 2010, Mogadore reacquired 400 shares at $135 per share. On November 1, Mogadore reissued the 400 shares at $175 per share. The total amount charged to additional paid in capital on November 1st, would be Multiple Choice $540,000 O $54,000 $70,000 $16,000

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