9. Coy inc issued 200,000 shares of $1 par common stock for $5 per share when it began operations in 2017. In 2018 Coy repurchased 20,000 of the shares for $8 per share and held them as treasury stock. Coy then resold 10,000 of the treasury shares for $7 per share. The journal entry that Coy would make when it resells the treasury shares would include:

a. A Debit to Retained Earnings for $10,000

b. A Credit to treasury stock for $ 70,000

c. A Credit to common stock for $ 70,000

d. A Debit to APIC-share Repurchase for $10,000

e. A Credit to common stock for $ 10,000