Prior to June 1,a Company Has Never Had Any Treasury

Multiple Choice

Prior to June 1,a company has never had any treasury stock transactions.The company repurchased 100 shares of its common stock on June 1 for $5,000.On July 1,it reissued 50 of these shares at $52 per share.On August 1,it reissued the remaining treasury shares at $49 per share.What is the balance in the Contributed Capital,Treasury Stock,account on August 2?

A) $5,050
B) $2,600
C) $100
D) $50
E) $0