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Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 150 shares of its common stock on May 1

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Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 150 shares of its common stock on May 1 for $7.500. On July 1. it reissued 75 of these shares at $53 per share. On August 1, it relssued the remaining treasury shares at $48 per share. What is the balance in the Pald-in Capital, Treasury Stock account on August 2? Multiple Choice 575 $4,050 $3,975 $0 $7575

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