Refer to the Following Information for Tangent Corporation: • Common

Refer to the following information for Tangent Corporation: • Common stock, $1.00 par, 100,000 issued, 95,000 outstanding
• Paid-In capital in excess of Par-Common: $2,150,000
• Retained earnings: $910,000
• Treasury stock: 5,000 shares purchased at $20 per share
If Tangent resold 1,200 shares of treasury stock for $14.5 per share, which of the following statements would be true?

A) The Treasury Stock account would go down by $12,000.
B) The Paid-In Capital in Excess of Par-Common account would go up by $1,200.
C) The Treasury Stock account would go down by $24.000.
D) The Retained Earnings account would go up by $17,400.