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Prior to May 1, Fortune Company has never had any treasury stock transactions. The company repurchased 130 shares of its common stock on May

Prior to May 1, Fortune Company has never had any treasury stock transactions. The company repurchased 130 shares of its common stock on May 1 for $6,500. On July 1, it reissued 65 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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