Pizza Pizza Pizza Inc. has been in operation for 7 years. On April 1, their Balance sheet showed an equity section as follows: $ 21,000 Contributed Capital: Common Shares, unlimited shares authorized 6,000 shares authorized and outstanding Total Contributed Capital Retained Earnings Total Equity $ 21,000 9,400 $ 30,400 The owners of the company decide to buy back 500 shares for $3.00 per share. What is the effect on Retained Earnings? a. None. b. Increases Retained Earnings by $750 c. Increases Retained Earnings by $3,000 d. Decreases Retained Earnings by $250 e. Decreases Retained Earnings by $3,000