On December 31, 2012 Chuck Norris Inc. had 800,000 shares of $10 par common stock issued and outstanding. The stockholders equity accounts at December 31, 2013 had the following balances:

Common Stock $8,000,000

Additional PIC - Common Stock $1,600,000

Retained Earnings $1,200,000

Total Stockholders Equity $10,800,000

The company repurchased 95,000 shares of its own $8 par value common stock for $20 per share. After this transaction, Stockholders equity will be

A) $12,700,000

B) $10,705,000

C) $10,040,000

D) $8,900,000

Please help me

Thank You!