Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 260 shares of its common stock on May 1 for $13,000. On July 1, it reissued 130 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
a. $13,130.
b. $6,760.
c. $21,060.
d. $130.
e. $0.
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