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The stockholders' equity section of the balance sheet of Caesar Corporation at December 31, 2018 appears as follows: (The company engaged in no treasury stock

The stockholders' equity section of the balance sheet of Caesar Corporation at December 31, 2018 appears as follows: (The company engaged in no treasury stock transactions prior to 2018.)

Stockholders' Equity

$2 preferred stock, $100 par, 10,000 shares authorized,

8,000 shares issued $800,000

$

800,000

Common stock, $2 par, 100,000 shares authorized, 75,000 shares

issued, 5,000 are held in the treasury 150,000

150,000

Additional Paid-in Capital:

From issuance of preferred stock

80,000

From issuance of common stock

225,000

From treasury stock transactions

8,000

From common stock dividends

26,000

Total paid-in capital

1,289,000

Retained earnings ($40,000 equal to cost of treasury stock is

not available for dividends)

500,000

Subtotal

1,789,000

Less treasury stock (at cost: 5,000 common shares)

(40,000

)

Total Stockholders' equity

$

1,749,000

Assume that all remaining treasury stock is reissued at a price of $14 per share in January of 2019. What amount should be credited to the account Additional Paid-In Capital: Treasury Stock Transactions in the journal entry to record this transaction?

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