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The balance in Treasury Stock on January 1, 20X6 and December 31, 20X6, was, respectively, $45,000 and $72, 500. During the year, $57,000 of treasury
The balance in Treasury Stock on January 1, 20X6 and December 31, 20X6, was, respectively, $45,000 and $72, 500. During the year, $57,000 of treasury stock was purchased. In addition, treasury stock was sold at cost. The proceeds from the sale of treasury stock amounted to
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