16)

Marigiela Corporation sold 460 shares of treasury stock for $35 per share. The cost for the shares was $25. The entry to record the sale of the treasury stock will include a credit to Additional Paid-in Capital from Treasury Stock for $4,600 debit to Additional Paid-in Capital from Treasury Stock for $4,600 debit to Cash for $11,500 credit to Treasury Stock for $16,100 credit to Gain on Sale of Treasury Stock for $11,500