Queen Creek Co. had total assets of $280,000, total liabilities of $168,000 and stockholders' equity of $112,000 before repurchasing 1,000 shares of its $1 par value common stock for $14 per share. After this repurchase, total assets equal ________, total liabilities equal ________ and stockholders' equity equals ________.
A. $294,000? $168,000? $126,000
B. $280,000? $182,000? $98,000
C. $266,000? $168,000? $98,000
D. $280,000? $154,000? $126,000
Answer: C
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