Pember Corporation started business in 2013 by issuing 200,000 shares of 20 par ordinary shares for 36 each. In 2018, 20,000 of these shares were purchased for 52 per share by Pember Corporation and held as treasury shares. On June 15, 2019, these 20,000 shares were exchanged for a piece of property that had an assessed value of 810,000. Pembers shares are actively traded and had a fair price of 60 on June 15, 2019. The cost method is used to account for treasury shares. The amount of share premiumtreasury resulting from the above events would be

a. 800,000.

b. 480,000.

c. 390,000.

d. 160,000.