Question $2$

$3$ pts

Pikeville Co$.$ was organized on January $2,2020$ with $500,000$ authorized shares of $$5$ par value common stock. During $2020,$ Pikeville Co$.$ had the following capital transactions:

January $3$: issued $250,000$ shares at $$12$ per share.

July $27$: repurchased $100,000$ shares at $$8$ per share.

November $27$: reissued $25,000$ shares of treasury stock at $$16$ per share

December $15$: reissued $10,000$ shares at $$6$ per share.

Pikeville Co$.$ used the cost method to record the purchase of the treasury shares. What would Ae the balance in the Additional Paid$-$in Capital from Treasury Stock account at December $31,2020?$

$$275,000$

$$200,000$

$$220,000$

None of the other answers

$$180,000$