Harry Co. was organized on January 2, 2012, with 500,000 authorized shares of $10 par value common stock. During 2011, Harry had the following capital transactions: January 2issued 375,000 shares at $14 per share. July 30purchased 25,000 shares at $11 per share. November 30sold 10,000 shares of treasury stock at $13 per share. Harry used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2012?

a. $10,000. b. $20,000. c. $30,000. d. $40,000.