D Question 39 The balance sheet of Pike Industries included the following shareholders' equity section at December 31, 2021 ($ in millions): Common stock ($1 par value, authorized 150M shares, 2.5 pts issued and outstanding 270M shares) Paid-in capital-excess of par Paid-in capital-share repurchase Retained earnings $270 $3,240 $8 $840 On January 5, 2022, Pike purchased and retired 2 million shares for $40 million ($20 per share). Immediately after the purchase of the shares, the balances in the paid-in capital-excess of par and retained earnings accounts are: $3,216 and $852 respectively. $3,200 and $844 respectively. $3,216 and $844 respectively. $3,216 and $834 respectively