Shore and Gardiner Each Own 10,000 S&G Corporation $12 Par

Shore and Gardiner each own 10,000 S&G Corporation $12 par value shares which they purchased for $38 per share directly from the corporation. If Shore sells his shares to Gardiner for $475,000:

A) Shareholders' equity of S&G Corporation increases.
B) Assets of S&G Corporation increase.
C) Shareholders' equity of S&G Corporation decreases.
D) No account of S&G Corporation is affected.