What is the balance of the treasury stock

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Question - Waterway Industries had 86000 shares of treasury stock ($10 par value) at December 31, 2020, which it acquired at $12 per share. On June 4, 2021, Waterway issued 43000 treasury shares to employees who exercised options under Waterway's employee stock option plan. The market value per share was $15 at December 31, 2020, $17 at June 4, 2021, and $20 at December 31, 2021. The stock options had been granted for $14 per share. The cost method is used. What is the balance of the treasury stock on Waterway's balance sheet at December 31, 2021?

Reference no: EM132509704

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