and Corporation reported the following:Common Stock, $5 par, 211,000 shares authorized, 165,000 shares issued $825,000Paid in Capital in Excess of PaCr ommon 217,000Retained Earnings 207,000Total Stockholders' Equity $1,249,000Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of itscommon stock for $12.00 per share? A) Treasury StockCommon is debited for $480,000. B) Retained Earnings is debited for $480,000. C) Paid-In Capital from Treasury Stock Transactions is credited for $135,000. D) Common Stock$5 Par Value is credited for $200,000.
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