Coy, Inc Initially Issued 200,000 Shares of $1 Par Stock for for $1,000,000

Multiple Choice

Coy, Inc. initially issued 200,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20,000 shares for $200,000. In 2018, 10,000 of the repurchased shares were resold for $160,000. In its balance sheet dated December 31, 2018, Coy, Inc.'s treasury stock account shows a balance of:

A) $0.
B) $40,000.
C) $100,000.
D) $200,000.