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Prior to May 1, Fortune Company has never had any treasury stock transactions. The company repurchased 120 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. The company repurchased 120 shares of its common stock on May 1 for $6,000. On July 1, it reissued 60 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 $60. $1,320. $6,060. $3,120. a $0

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