Below is an excerpt from the balance sheet of Cue Company as at December 31, 2020:

Cue Company Balance Sheet Excerpt As at December 31, 2020 $ ta Shareholder's Equity Common Shares (100,000 issued and outstanding) Contributed Surplus Retained Earnings Total 5,000,000 25,000 56,450,000 61,475,000 On February 1, 2021, the company repurchased and retired 10,000 common shares for $75 each. The journal entry to record the purchase would be: a) Common Shares Retained Earnings Cash 500,000 250,000 750,000 b) Common Shares Cash 750,000 750,000 c) Common Shares Contributed Surplus Retained Earnings Cash 500,000 25,000 225,000 750,000 d) Cash Common Shares 750,000 750,000