Coy,Inc. ,initially issued 200,000 shares of $1 par value stock for $1,000,000 in 2014.In 2015,the company repurchased 20,000 shares for $200,000.In 2016,10,000 of the repurchased shares were resold for $160,000.In its balance sheet dated December 31,2016,Coy,Inc.'s treasury stock account shows a balance of:

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The Answer of Coy,Inc. ,initially issued 200,000 shares of $1 par value stock for $1,000,000 in 2014.In 2015,the company repurchased 20,000 shares for $200,000.In 2016,10,000 of the repurchased shares were resold for $160,000.In its balance sheet dated December 31,2016,Coy,Inc.'s treasury stock account shows a balance of:

Coy,Inc ,Initially Issued 200,000 Shares of $1 Par Value Stock