Park Corp's equity accounts at December 31, 2016 were as follows: common stock, $20 par--$8,000,000; Additional paid-in capital--$2,550,000; Retained earnings--$1,275,000. All shares of common stock outstanding at December 31, 2016 were issued in 2010 for $26 a share. On January 4, 2017, Park reacquired 2000o shares of its common stock at $24 a share and retired them. Immediately after the shares were retired, the balance in additional paid-in capital was: $2,470,000 $2,590,000 $2,510,000 $2,430,000