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Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 220 shares of its common stock on May 1

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 220 shares of its common stock on May 1 for $11.000. On July 1, it reissued 110 of these shares at $52 per share. On August 1. It reissued the remaining treasury shares at $49 per share. What is the balance in the Paid in Capital, Treasury Stock account on August 2? Multiple Choice $1100

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