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The stockholders' equity account balances of ABC Company at January 1, 2023 are given below: Common stock ........ Paid-in capital - common stock .......... Retained
The stockholders' equity account balances of ABC Company at January 1, 2023 are given below: Common stock ........ Paid-in capital - common stock .......... Retained earnings ........ January 1 448,000 704,000 266,000 During January, ABC entered into the following transactions: January 11: Re-acquired 21,000 shares of its outstanding common stock by paying $19 per share January 16: Re-issued 4,900 of shares re-acquired on January 11 for $14 per share January 21: Re-issued 3,200 of shares re-acquired on January 11 for $24 per share January 26: Re-issued 3,300 of shares re-acquired on January 11 for $10 per share Calculate the balance in the retained earnings account after the above four transactions have been recorded
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