12) Red Company issued 100,000 shares of $10 par.common stock. Three months later-Red-acquired 7,000 shares of its own common stock at $12 per share. Six: months later Red-sold-4,000 of these shares at S16 per share. If the cost method.is used to record treasury stock transactions, to record the-sale-ofthe-4,000-treasury shares, "Red-should credit Treasury Stock-at