Ryan Company Owns 80% of Chase Company

Multiple Choice

Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2011 are as follows:

Assume Chase reacquired 8,000 shares of its common stock from outsiders at $10 per share.
What is Ryan's percent ownership in Chase after the acquisition of the treasury shares (rounded) ?

A) 80%.
B) 95%.
C) 64%.
D) 76%.
E) 69%.