On January 1, 2012, Cocker reacquired 8,000 of the outstanding shares of its own common stock for $34 per share. None of these shares belonged to Popper. How would this transaction have affected the additional paid-in capital of the parent company?
A. $0.
B. decrease it by $32,900.
C. decrease it by $45,700.
D. decrease it by $49,400.
E. decrease it by $50,500.