XYZ reported the following shareholder's equity on January 1, 2020: Common shares - 600,000 no par value, issued and outstanding $4,788,000 Contributed surplus - share repurchase 28,000 Retained earnings 6,200 On March 1, 2020, the company issued an additional 46,000 common shares at $9.00 each. Thereafter on July 1, 2020, it issued an additional 34,000 common shares to call option holders. The strike price was $8.20 each and the market value was $9.10 each. On October 1, 2020, it bought back 100,000 common shares at $9.20 each and cancelled them. The appropriate journal entry to record the transaction on October 1 would be: a. No journal entry is required for this transaction as the shares have been cancelled. b.DEBIT-Common Shares [$800,000); DEBIT-Contributed Surplus - Share Repurchase [$28,000); DEBIT- Loss on Share Repurchase ($102,000); CREDIT-Cash ($920,000). SDEBIT-Common Shares [$800,000); DEBIT-Contributed Surplus - Share Repurchase ($28,000); DEBIT- Loss on Share Repurchase ($20,000); DEBIT-Retained Earnings [$82,000); CREDIT-Cash ($920,000). d.DEBIT-Common Shares_[$920,000); CREDIT-Cash [$920,000). 2.DEBIT-Common Shares [$806,000); DEBIT-Contributed Surplus - Share Repurchase ($28,000); DEBIT- Retained Earnings ($86,000]; CREDIT-Cash ($920,000]