The beginning balances of the shareholders' equity of Hanssen Incorporated for the year 20x7 are as follows: Common shares, 1,000,000 shares $10413077 issued Retained earnings $1096290 During 20x7, David repurchased 69192 shares at $25.53. The net income for the year was $977530. What is the balance in retained earnings at December 31, 20x7? Select one: O a. $1027850 O b. $50320 O c. $ 1045970 O d. $2073820 Check