X Company had the following selected accounts on December 31, 2020: Bank overdraft $7,000 Bonds payable 820,000 Bonds Sinking Fund 45,000 Common stock 900,000 Current portion of a long term debt 24,000 Investment in Stock 25,000 Long term loans 330,000 Mortgage payable 250,000 Notes Payable (due in 20 months) 347,000 Premium on common stock 180,000 Retained Earnings 1,000,000 Salaries payable 76,000 Treasury Stock Unearned Service revenue 22.000 Assume that total assets were $3,856,000 with Bonds Payable being discounted by $20,000. Determine the value of Treasury Stock on December 31, 2020: * $80,000 $125,000 $100,000 $120,000 None of the above