TB MC Qu. 18-80 (Algo) Coy, Inc. initially issued...

Coy, Inc. initially issued 360,000 shares of $1 par stock for $1,800,000 in 2019. In 2020, the company repurchased 36,000 shares for $360,000. In 2021, 18,000 of the repurchased shares were resold for $288,000. In its balance sheet dated December 31, 2021, Coy, Inc.'s treasury stock account shows a balance of:

Multiple Choice

• $0.

• $72,000.

• $180,000.

• $360,000.