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The Stockholders' Equity section of Deer Lakes Manor's balance sheet on January 1, 2016, appeared as follows: Common stock, $30 par, 20,000 shares issued and

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The Stockholders' Equity section of Deer Lakes Manor's balance sheet on January 1, 2016, appeared as follows: Common stock, $30 par, 20,000 shares issued and outstanding $ 600,000 Additional paid in capital-Common 240,000 Retained earnings 700.000 Total stockholders equity $1,540,000 On March 1, 2016, Deer Lakes reacquired 4,000 shares of common stock at $50 per share. All common shares were originally sold for $12 each. How much should be reported in the treasury stock account on the March 31, 2016, balance sheet? Os 5168,000 Ob 22.000 Oc. $128.000 Od $200,000

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