Canary Corporation has 500 shares of stock outstanding.

43. Canary Corporation has 500 shares of stock outstanding. It redeems in a qualifying stock redemption 100 shares for $250,000 at a time when it has paid-in capital of $100,000 and E & P of $1 million. What would be the charge to E & P as a result of the redemption? A. $0. B. $100,000. C. $200,000. D. $250,000. E. None of the above.