Horton Co. was organized on January 2, 2018, with 500,000 authorized shares of $10 par value common stock. During 2018, Horton had the following capital transactions:

January 5issued 375,000 shares at $14 per share.

July 27purchased 25,000 shares at $11 per share.

November 25sold 15,000 shares of treasury stock at $13 per share.

Horton 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, 2018?

a. $0.

b. $15,000.

c. $30,000.

d. $45,000.