The following balances were taken from the records of Emperor Sales Ltd. before and after the reacquisition of common shares. Common shares Contributed surplus: Reacquisition of shares Retained Earnings Before $1,500,000 O 58,333 O 41,667 O 50,000 O 16,667 After $X 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, how many shares were reacquired?

The following balances were taken from the records of Emperor Sales Ltd. before and after the reacquisition of common shares. 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, how many shares were reacquired? 58,33341,66750,00016,667