Waterway Industrieshad86000shares of treasury stock ($10 par value) at December 31, 2020, which it acquired at $12per share. On June 4, 2021,Waterwayissued43000treasury shares to employees who exercised options underWaterway's employee stock option plan. The market value per share was $15at December 31, 2020, $17at June 4, 2021, and $20at December 31, 2021. The stock options had been granted for $14per share. The cost method is used. What is the balance of the treasury stock onWaterway's balance sheet at December 31, 2021?