Vilnius Corporation Has 100,000 No Par Value Common Shares Authorized

Multiple Choice

Vilnius Corporation has 100,000 no par value common shares authorized, issued and outstanding.All 100,000 shares were issued at $90 per share.Retained earnings are $250,000.If 2,000 shares were reacquired at $98 and cancelled, shareholders' equity would decrease by

A) $ 0.
B) $ 16,000.
C) $180,000.
D) $196,000.