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Oriole, Inc. had 9 0 0 0 0 shares of treasury stock ( $ 1 0 par ) at December 3 1 , 2 0

Oriole, Inc. had 90000 shares of treasury stock ($10 par) at December 31,2024, which it acquired at $12 per share. On June 4,2025, Oriole issued 45000 treasury shares to employees who exercised options under Oriole's employee stock option plan. The market value per share was $15 on December 31,2024, $17 on June 4,2025, and $20 on December 31,2025. The stock options had been granted for $14 per share. If the cost method is used, what is the balance of the treasury stock on Oriole's balance sheet on December 31,2025?
Select answer from the options below
$630000
$540000
$360000
$450000

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