On January 1, 2013, Automatic Train Corporation Had 30,000 Common

Multiple Choice

On January 1, 2013, Automatic Train Corporation had 30,000 common shares outstanding issued at $10 each. On June 1, 2013, Automatic Train Corporation issued 12,000 shares of its common shares at $15 per share. On November 30, 2013, Automatic Train Corporation repurchased 3,000 shares of its common shares for $17 per share. The balance in Common shares on December 31, 2013, as shown on the statement of shareholders' equity, is:

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