Piggly Miggly issued 35,000 shares of common stock for $18 cash per share on March 1^st. Then, on September 30^th, it repurchased 10,000 of these common shares to hold as treasury stock at $19 per share. The net effect on the financial statements from both transactions includes:

Select one:

a. Assets increase by $630,000

b. Stockholders equity increases by $440,000

c. Stockholders equity decreases by $630,000

d. Liabilities increase by $440,000