Refer to the Following Information for Tangent Corporation

Refer to the following information for Tangent Corporation:
• Common Stock,$1.00 par,114,000 shares issued,98,000 shares outstanding
• Paid-In Capital in Excess of Par-Common: $2,150,000
• Retained Earnings: $930,000
• Treasury Stock: 10,000 shares purchased at $35 per share
If Tangent resold 1,300 shares of treasury stock for $22.50 per share,which of the following statements would be true?

A) The Treasury Stock account would decrease by $22,750.
B) The Paid-In Capital in Excess of Par-Common account would increase by $1,300.
C) The Treasury Stock account would decrease by $45,500.
D) The Retained Earnings account would increase by $29,250.