A company paid $54,000 to buy back 9,000 shares of its $1 par value common stock. The stock was sold later at a selling price of $10 per share. The journal entry to record the sale would include a:

Select one:

a. Debit to Common Stock $54,000.

b. Credit to Common Stock $36,000

c. Credit to Paid-in Capital from Treasury Stock Transactions $54,000

d. I want to leave this answer blank

e. Credit to Paid-in Capital from Treasury Stock Transactions $36,000