Account balances of Machado Co. at August 31, 20X6 are as follows: Dividends Payable. $ 12,500 Cash Preference Shares, $150 par. 375,000 Ordinary Shares, $5 par Paid-in Capital in Excess of ParOrdinary Shares 60,000 Retained Earnings What would Machado's total shareholders' equity be if Machado had $10,000 of treasury shares? 111,000 640,000 325,000 A. $1,390,000 O B. $1,488,500 O C. $1,065,000 OD. $1,377,500