Use the Following Information for Questions

Multiple Choice

Use the following information for questions.
Galba Corp.'s shareholders' equity at January 1, 2017 was:
Common shares, no par value; authorized 200,000 shares; During 2017, Galba had the following share transactions:
Acquired 2,000 treasury shares for $90,000
Sold 1,200 treasury shares at $50 a share
Retired the remaining treasury shares
No other share transactions occurred during 2017.
-The total contributed surplus at December 31, 2017 is

A) $24,800.
B) $11,200.
C) $ 6,000.
D) $ 0.