On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $50,000. On October 31, 2013 Mehrzad recorded a stock dividend of 5% when the market price of the stock was $8/share. On December 1, 2013, Mehrzad bought 4,000 shares at a price of $7/share. The consequence of this transaction would result in: On December 22, 2013 Mehrzad sold 2000 shares of treasury stock for $9/share. The balance in the Additional Paid-in Capital account after this sale would be: " O $44,000 O $40,000 $47,500 O None of the other answers given $49,600