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Hinckley Company initially issued $500,000$ shares of $$1$ par common stock for $$20$ per share. On March $23$ of this year, Hinckley repurchased $10,000$ shares for a total of $$300,000.$ Hinckley uses the cost method of accounting for treasury stock. Hinckley has never before purchased nor reissued shares of treasury stock. On May $16,$ Hinckley REISSUED $4,000$ of these previously$-$repurchased shares for a total of $$144,000.$ Which ONE of the following should be included in the journal entry necessary to record the REISSUANCE of these $4,000$ shares?

CREDIT Paid$-$in Capital from Treasury Stock for $$24,000$

CREDIT Paid$-$in Capital in Excess of Par for $$120,000$

CREDIT Gain on Common Stock Reissuance for $$24,000$

CREDIT Retained Earnings for $$24,000$

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