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Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 230 shares of its common stock on May 1

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 230 shares of its common stock on May 1 for $11,500. On July 1, it reissued 115 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?

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