Prior to May 1, Fortune Company has never had any treasury stock transactions. The company repurchased 240 shares of its common stock on May 1 for $12,000. On July 1, it reissued 120 of these shares ot $52 per share. On August 1, it relssued the remaining treasury shares at $49 per share, What is the balance in the Paid-in Capital, Treasury Stock account on August 2? Mult ple Choice $12.120 56,240 $17,040