Mercury Company has 100,000 shares of $1 par common stock issued and outstanding as of January...

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Mercury Company has 100,000 shares of $1 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $11 per share. On February 1, 2018, Mercury repurchased 6,470 shares at $6 per share for the purposes of retiring them. On April 10, 2018, Mercury repurchased an additional 1,210 shares at $13 per share. No other transactions involving common stock occurred during the year. What will be the balance in additional paid in capital from retired stock (aka Paid in capital – share repurchase) as a result of those transactions? Mercury Company has 100,000 shares of $1 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $11 per share. On February 1, 2018, Mercury repurchased 6,470 shares at $6 per share for the purposes of retiring them. On April 10, 2018, Mercury repurchased an additional 1,210 shares at $13 per share. No other transactions involving common stock occurred during the year. What will be the balance in additional paid in capital from retired stock (aka Paid in capital – share repurchase) as a result of those transactions?