The Stockholders' Equity Section of Deer Lakes Manor's Balance Sheet

The Stockholders' Equity section of Deer Lakes Manor's balance sheet on January 1, 2016, appeared as follows: $\begin{array}{lr}\text { Common stock, } \$ 30 \text { par, } 20,000 \text { shares issued and outstanding } & \$ 600,000 \\\text { Additional paid-in capital-Common } & 240,000 \\\text { Retained earnings } & 700,000 \\\text { Total stockholders' equity } & \$ 1.540,000\end{array}$ On March 1, 2016, Deer Lakes reacquired 4,000 shares of common stock at $50 per share.All common shares were originally sold for $42 each.How much should be reported in the treasury stock account on the March 31, 2016, balance sheet?

A) $128,000
B) $168,000
C) $200,000
D) $32,000