During 2017, Fisher Inc. reported the exercise of 2,200 shares at a weighted-average exercise price of $22.87. If Fishers stock was trading at $11.36 on January 31, 2017 and $12.00 on December 31, 2016, which of the following details an impact of this transaction on Fishers accounts?

Select one:

a. An increase of $50,314 to cash

b. A decrease of $26,400 to additional paid-in capital

c. A decrease of $46,530 to additional paid-in capital

d. An increase of $24,992 to cash

e. None of these are correct.

On its year end balance sheet, Wells Inc. reports treasury stock at cost of $5,427 million. The company has a total of 1,172,513,618 shares issued and 1,082,986,591 shares outstanding. What average price did Walgreen pay for treasury shares?

Select one:

a. $60.62

b. $4.63

c. $5.01

d. $2.41

e. None of these are correct