LALALAND Corporation was organized on 1/1/2020. It was authorized to issue 2 million, $1 par, common stock. During the year, the company had the following transactions: January 5- Issued 400,000...


LALALAND Corporation was organized on 1/1/2020. It was authorized to issue 2 million, $1 par, common stock. During the year, the company had the following transactions:


January 5- Issued 400,000 common shares for cash, at $ 1.00 each.


February 7- issued 250,000 common shares for cash, at $ 1.50 each.


April 3- Reacquired 10,000 of its common shares, by paying $ 3,00 per share.


June 17- Sold 5,000 of its treasury stock, at a price of $ 4,00 per share.


September 20- Sold all the remaining treasury stock it has, at a price of $ 3.2 per share.


October 30- Reacquired 20,000 of its common shares, at $ 2.5 per share.



Question: What is the dollar balance in the Additional Paid in Capital from Treasury stock account, at year end?



Jun 02, 2022
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