On January 1,2017,Automatic Train Corporation Had 30,000 Common Shares Outstanding

Multiple Choice

On January 1,2017,Automatic Train Corporation had 30,000 common shares outstanding issued at $10 each.On June 1,2017,Automatic Train Corporation issued 12,000 shares of its common shares at $15 per share.On November 30,2017,Automatic Train Corporation repurchased 3,000 shares of its common shares for $17 per share.The balance in Common shares on December 31,2017,as shown on the statement of shareholders' equity,is:

A) $429,000
B) $445,200
C) $445,714
D) $480,000