The balance sheet of Chase Industries included the following shareholders' equity section at December $31,2018($ $ in millions$)$:

Common stock $($ $$1$ par value, authorized $100M$ shares, issued and outstanding $90M$ shares$)$ $$90$

Paid$-$in capital$-$excess of par

Retained earnings

Total shareholders' equity

$540$

$280$

$$910$

On January $5,2019.$ Chase purchased and retired $1$ million shares for $$10$ million. Immediately after the purchase of the shares, the ballances in the paid$-$in capital$-$excess of par and retained earnings accounts are:

Multiple Choice

Pald$-$In capitalexcess of par. $$540,$ Retailned earnings: $$280$

Pald$-$In capitalexcess of par $$531.$ Retalned earnings: $$280$

Pald$-$In capitalexcess of par. $$534.$ Retalned eamings: $$278$

Paild$-$In capital$-$excess of par. $$534,$ Retalned eamings: $$27$