Bramble Corporation has the following shareholders equity on December 31, 2021:

Shareholders' equity

Share capital

$10 convertible preferred shares,

10,000 shares authorized, 4500 shares issued $560000

Common shares,

200,000 shares authorized, 87000 shares issued 1740000

Total share capital 2300000

Retained earnings 447000

Total shareholders equity $2747000

If 10700 common shares were reacquired for $19 per share, the journal entry to record the transaction would

a. bit Common Shares for $203300. b. credit Contributed Surplus for $10700.

c. credit Common Shares for $203300.

d. debit Retained Earnings for $10700.