On December 31, 2018, BEE reported 150,000 no par value common shares, issued and outstanding; Retained earnings of $ 325,000 ; and Contributed Surplus - Common Shares Repurchased, $43,000. All 150,000 shares had been issued at $8.00 per share. On March 1, 2019, it issued 70,000 additional common shares at $8.50 each and on August 1, it further issued another 30,000 common shares at $9.00 each. On December 1, 2019, 7,000 shares were reacquired at $ 9.90 and cancelled. The journal entry on December 1, 2019, to record this transaction would be Select one:

a. DR Common Stock Capital, $69,300; CR Cash, $69,300

b. DR Common Stock Capital, $56,000; DR Loss on Treasury Shares, $13,300; CR Cash $69,300

c. DR Common Stock Capital, $56,000; DR Retained Earnings, $13,300; CR Cash $69,300

d. DR Common Stock Capital, $57,820; DR Contributed Surplus - Common Shares Repurchased, $11,480; CR Cash, $69,300

e. None of the above entries.