crane inc. issues 82000 shares at $10 / share in january. later that year the company repurchases 7380 of these shares at $11 per share. the balance in the contribution surplus is $0 prior to the share repurchase. the effect of this is?

1. And increase to the total shareholders equity $81180

2. A decrease in retained earnings by. $7380

3. And increase to the contributed surplus account of $7380

4. I decrease to the share capital account of $81180