- Suppose that a company repurchases 1.000 of its own shares from the market at 15 TL. After some time, the company sells 400 of the shares at 20 TL. Then, it sells the remainder at 8 TL. Assuming that all of these transactions occur within the same fiscal year and the beginning balance of retained earnings was 10.000 TL what would be the ending balance of retained earnings at the end of the year? (Please employ the cost method)

12.200 TL

7.800 TL

5.800 TL

9.000 TL

diger