On December 31, 2020, Buyback Company had a total of 40,000 shares of $ 1 Par Value Common Stock in their "Treasury", which they had repurchased at an average price of $ 25 per share. On February 1, 2021, 10,000 of these shares were resold on the market, and Buyback Company received a total of $ 300,000 in cash from the sale. If Buyback Company uses the "average cost" method to record treasury share sales, what is the total change in Shareholders' Equity as a result of the February 1, 2021 transaction?

• Total Shareholders' Equity increases by $ 50,000

• Total Shareholders Equity decreases by $ 50,000

• Total Shareholders' Equity increases by $ 300,000

• Total Shareholders' Equity decreases by $ 300,000

• None of the above