Treasury stock which was purchased for $5,000 is sold for $5,500.As a result of these two transactions combined Select one:stockholders' equity will...

Treasury stock which was purchased for $5,000 is sold for $5,500. As a result of these two transactions combined

Select one:

a. stockholders' equity will be increased by $5,500

b. income will be increased by $500 

c. stockholders' equity will be increased by $500

d. stockholders' equity will not change