In 2018, Western Corporation completed the transactions listed below. Western had issued 200,000 shares of its $1 par common stock for $10 several months ago. No balance in other Paid in capital accounts. February 21: Reacquired 70,000 shares at $12 to retire them. March 19; Reacquired 60,000 shares at $9 to retire them May 17: Sold 25,000 new shares at $8. Required: How much is Retained earning debited on Feb 21st? Group of answer choices
a.$140,000
b.$210,000
c.$0
d.$630,000
