Speedy Corporation had the following account balances prior to repurchasing some of its stock:
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Common Stock, $6 par, 50,000 shares authorized;
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25,000 shares issued and outstanding
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$ 150,000
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Paid-in Capital in Excess of Par Value --- Common Stock
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735,000
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Retained Earnings
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450,000
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Total Stockholders' Equity
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$1,335,000
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Speedy repurchased 2,000 shares of its common stock and held it in the treasury. Speedy paid $33 per share to repurchase its stock. What are the balances of Common Stock and Total Stockholders' Equity after the repurchase?
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Common Stock
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Total SE
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a.
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$ 138,000
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$1,269,000
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b.
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$ 150,000
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$1,335,000
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c.
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$ 138,000
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$1,335,000
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d.
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$ 150,000
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$1,269,000
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e.
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$ 138,000
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$1,330,000
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