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PLEASE SHOW ALL WORK Emma, Inc. reacquired 118,087 of its shares at $23 per share as treasury stock. Last year, for the first time, Emma

PLEASE SHOW ALL WORK

Emma, Inc. reacquired 118,087 of its shares at $23 per share as treasury stock. Last year, for the first time, Emma sold 39,540 treasury shares at $32 per share. By what amount will Emma's paid in capital -shares repurchase decline if it now sells 48,786 treasury shares at $17 per share?________________

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