in 2020. Bouchard Enterprises reported net income of 575,000 and declared a dividend of $40,000 The divided in to be punid on Fetary 2021 to shareholders of record on January 15, 2021. The balance in the retained earning count on January 1 2020 was 140.000 A Bouchard's year end on December 31, 2020 the comparvy reported the following ending balance for retained caring in the statement of changes in shareholders' equity Select one A $215.000 $35.000 C$175.000 D$115.000 Bailey Inc issues 100.000 shares at $11/ share in January Later that year the company is able to repurchase 9,000 of these share it 510 pien share. The effect of this is Select one A an increase in retained earnings by $9,000 B. a decrease to total shareholders' equity of $99,000 a decrease to the share capital account of $90,000 Dan increase to the contributed surplus account of $9,000