Lisgar Corporations shareholders equity section at the beginning and end of 20x7 were as follows:

	Jan. 1, 20x7	Dec. 31, 20x7
Common shares	$813863	$772876
Retained Earnings	501883	640209

The following transactions took place during the year:

	Feb. 20	Issued 5000 common shares for $119064 cash
	August 1	Retired 10000 common shares
	Dec. 31	Reported net income of $164472 for the year

How much cash did Lisgar Co. receive on the August 1 retirement of common shares? Assume the company did not declare any dividends during the year.

Select one:

a. $160051

b. $26146

c. $186197

d. $932927