Perez Co. previously acquired 10,000 shares of its own stock ($1 par) in the open market for $10 per share. This year the firm reissued all of these shares at $8 per share. Which of the following will occur as a result of the treasury shares being reissued:

a. Retained Earnings will increase by $20,000

b. A loss of $20,000 will be included on the income statement

c. Treasury stock will decrease by $100,000

d. Common Stock will increase by $10,000