Sheffield Corp. was organized on January 2, 2021, with 524000 authorized shares of $10 par value common stock. During 2021, Sheffield had the following capital transactions: January 5issued 393000 shares at $12 per share. July 27purchased 26200 shares at $9 per share. November 25sold 15720 shares of treasury stock at $11 per share. Sheffield used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2021?

$15720.

$31440.

$0.

$47160.