(Answered) Question - blossom corporation was organized on january 2

Accounting

Question - Blossom Corporation was organized on January 2 with 100,000 authorized shares of $ 10 par value common stock. During the year, Blossom had the following capital transactions:

January 5 --- Issued 75,000 shares at $ 14 per share

December 27 - purchased 5,000 shares at $ 11 per share back as treasury stock

Blossom used the par value method to record the purchase of treasury stock.

What would be the balance in the paid in capital from treasury stock account at December 31?

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