The following information was taken from the 2014 annual report of Coca-Cola (dollar and share amounts in millions):

a. At what average price did the company repurchase its shares in 2012?
b. At what average price did the company repurchase its shares in 2013?
c. The December 31, 2014, balance in treasury stock was ($42,225). If Coca-Cola reissues treasury shares in the amount of $1,200 to support 2015 employee compensation plans, what will be the December 31, 2015, balance in the treasury stock account?

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Dollar Amount Treasury Shares 2012 Share repurchases 2013 Share repurchases 2014 Share repurchases $4,491 121 121 $4,827 $4,025 98