The following balances were taken from the records of Emperor Sales Ltd. before and after the reacquisition of common shares. Before $1,500,000 After $X Common shares Contributed surplus: Reacquisition of shares Retained Earnings 100,000 625,000 600,000 The average price per common share before the reacquisition was $15. If the balance in the Common Shares account was $875,000 after the reacquisition, then how many shares were reacquired? 41,667 58,333 O 16,667 50,000