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

Shareholders' equity
Share capital
$10 convertible preferred shares,
10,000 shares authorized, 5900 shares issued		$577000
Common shares,
200,000 shares authorized, 100000 shares issued		1860000
Total share capital		2437000
Retained earnings		443000
Total shareholders equity		$2880000

If 9600 common shares were reacquired for $22 per share, the journal entry to record the transaction would

A)debit Common Shares for $178560.

B)credit Contributed SurplusReacquisition of Shares for $32640.

C)credit Common Shares for $211200.

D)credit Retained Earnings for $32640.