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Two years ago, Carlisle Industries commenced its business by issuing 250,000 shares of .50 par stock value for $28 per share. During the fourth quarter

Two years ago, Carlisle Industries commenced its business by issuing 250,000 shares of .50 par stock value for $28 per share. During the fourth quarter of the current year, the company repurchased 2,000 shares at 38 per share. Assuming that there have been stock repurchases to date, by how much is the treasury stock account debited for this buyback transaction?

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