is the correct answer "A"?

\TO ABC Corporation has reacquired 100 , 000 of its shares at $15 per share . Theaverage cost of these shares was $ 1 1 per share and there was no prior balance in thecontributed surplus account . The effect on retained earnings would be as follows :a credit of $ 100, 000.Ja credit of $ 1 , 100,000.a debit of $400, 000 .JNO IMPACT .J