Sandhill Corporation started business in 2020 by issuing 193000 shares of $19 par common stock for $26 each. In 2025,24000 of these shares were purchased for $38 per share by Sandhill Corporation and held as treasury stock. On June 15,2026 , these 24000 shares were exchanged for a piece of property that had an assessed value of $751000. Sandhill's stock is actively traded and had a market price of $44 on June 15,2026 . The cost method is used to account for treasury stock. The amount of paid-in capital from treasury stock transactions resulting from the above events is $720000. $144000. $432000. $216000