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The stockholders' equity account balances of ABC Company at January 1, 2023 are given below: January...

The stockholders' equity account balances of ABC Company at
January 1, 2023 are given below:

                                              January 1
Common stock  ...........................      448,000
Paid-in capital – common stock ..........      704,000
Retained earnings .......................      266,000

During January, ABC entered into the following transactions:

January 11:   Re-acquired 21,000 shares of its outstanding
              common stock by paying $19 per share

January 16:   Re-issued 4,300 of shares re-acquired on
              January 11 for $12 per share

January 21:   Re-issued 3,200 of shares re-acquired on
              January 11 for $24 per share

January 26:   Re-issued 3,200 of shares re-acquired on
              January 11 for $10 per share

Calculate the balance in the retained earnings account
after the above four transactions have been recorded.
business   accounting   
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