how can calculate

74) Bruce Corporation has the following shareholders equity on December 31, 2021: Shareholders' equity Share capital $ 10 convertible preferred shares, 10,000 shares authorized, 5,000 shares issued $ 570,000 Common shares, 200,000 shares authorized, 90,000 shares issued 1,800,000 Total share capital 2,370,000 Retained earnings 450,000 Total shareholders equity $ 2,820,000 If 10,000 common shares were reacquired for $ 17 per share, the journal entry to record the transaction would

a) credit Contributed Surplus for $ 30,000.

b) debit Retained Earnings for $ 30,000.

c) credit Common Shares for $ 170,000.

d) debit Common Shares for $ 170,000.