Question $4$

$3$ pts

Jazz Corp was organized on January $2,$ Year $1$ with $600,000$ authorized shares of $$10$ par value common stock. During Year $1,$ Jazz Corp had the following capital transactions:

January $5$: issued $200,000$ shares at $$17$ per share.

July $27$: repurchased $29,000$ shares at $$15$ per share.

November $25$: reissued $18,000$ shares of treasury stock at $$18$ per share

December $1$: reissued $9,000$ shares at $$14$ per share.

Jazz Corp used the cost method to record the purchase of the treasury shares. What would be the balance in the Additional Paid$-$in Capital from Treasury Stock account at December $31,$ Year $1?$

$$0$

$$45,000$

$$54,000$

$$180,000$

None of the other answers