Use the following information for Questions 26 and 27: The balance sheet of Holmes Services included the following shareholders' equity section at December 31, 2021: (S in millions) ($ in millions) Common stock ($1 par value, authorized 100 million shares, issued and outstanding 90 million shares) Paid-in capital - excess of par Retained earnings Total shareholders' equity $ 90 540 280 $910 26. On January 5, 2022, Holmes purchased 1 million treasury shares for $9 million. Immediately after the purchase of the shares, the balances in the paid-in capital - excess of par and retained earnings accounts are: Paid-in capital excess of Retained par earnings $540 $ 280 b. $540 $ 272 c. $534 $ 278 d. $532 $ 280 a. 27. On January 5, 2022, Epsom purchased and retired 1 million shares for $9 million. Immediately after retirement of the shares, the balances in the paid-in capital - excess of par and retained earnings accounts are: Paid-in capital - excess of Retained par earnings $540 $ 280 b. $534 $ 272 $534 $ 278 d. $532 $ 280 c. 9