Blue Star Films Issues 200,000 No-Par Value Shares for $60

Blue Star Films issues 200,000 no-par value shares for $60 per share in 2007.Three years later,it repurchases 30,000 of these shares for $80 per share.Blue Star records the repurchase in which of the following ways?

A) Debit Common Shares for $600,000 million and cash for $1.8 million and credit Contributed capital for $2.4 million.
B) Debit Common Shares for $1.8 million and retained earnings for $600,000 and credit Cash for $2.4 million.
C) Debit Common Shares for $1.8 million and contributed surplus for $600,000 and credit cash for $2.4 million.
D) Debit Cash for $2.4 million,credit Common shares for $1.8 million and credit retained earnings for $600,000.