Seaking Inc. Initially issued 310,000 shares of $1 par stock for $1,550,000 in 2024. In...

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Accounting

Seaking Inc. Initially issued 310,000 shares of $1 par stock for $1,550,000 in 2024. In 2026, the company repurchased 31,000 shares for $310,000. In 2027,15,500 of the repurchased shares were resold for $248,000. In its balance sheet dated December 31,2027, Seaking's treasury stock account shows a balance of:
Multiple Choice
$0.
$155,000.
$310,000.
$62,000.
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