Please Refer to the Following Information for Peartree Company

Please refer to the following information for Peartree Company:
• Common stock, $1.00 par, 100,000 issued, 95,000 outstanding
• Paid-in capital in excess of par: $2,150,000
• Retained earnings: $910,000
• Treasury stock: 5,000 shares purchased at $20 per share
-
If Peartree resold 800 shares of treasury stock for $15 per share, which of the following statements would be TRUE?

A) The total equity of the company would be unchanged.
B) The total equity of the company would go up by $12,000.
C) The total equity of the company would go down by $12,000.
D) The total equity of the company would go down by $4,000.