14. Alafaya Corp. purchased its own par value stock on January 1, 20X1 for $20,000 and debited the treasury stock account for the purchase price. The stock was subsequently sold for $12,000. The $8,000 difference between the cost and sales price should be recorded as a deduction from: (a) Additional paid in capital to the extent that previous net "gains" from sales or retirements of the same class of stock are included in the account; otherwise, from retained earnings. Additional paid in capital without regard as to whether or not there have been previous net "gains" from sales or retirements of the same class of stock included in the account. (b) (c) Retained earnings (d) Net income