The Equity Section of a Firm's Market Value Balance Sheet

The equity section of a firm's market value balance sheet has common stock of $51,000 (par value $1) ; capital surplus of $218,300; and retained earnings of $329,700.The firm's stock sells for $41 a share.If the firm repurchases $35,000 of stock,what will be the new market value of the firm's total equity?

A) $548,571
B) $578,450
C) $599,000
D) $598,146
E) $564,000