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The initial number of authorized shares specified in the companys articles of incorporation is 25,000...

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Accounting

The initial number of authorized shares specified in the companys articles of incorporation is 25,000 shares of $10 par value per share common stock. A few weeks later, the company issues 10,000 shares of this common stock for $26 in cash per share. Later, the company buys back 1,000 shares of this stock for the same $26 per share and retires these shares. What is reported in this company's balance sheet in its Common Stock account ?

___$250,000

___$100,000

___$74,000

___$90,000

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