A company purchases 400 shares of its $50 par value common stock at $55 per share. These shares were initially issued for $52 per share. The entry on the purchase of the shares by the company is:

a. Cash 22,000

Treasury Stock-Common 20,000

Paid-in Capital, Treasury Stock 2,000

b. Treasury Stock 22,000

Common Stock 20,000

Additional Paid-in-Capital 2,000

c. Treasury Stock 22,000

Cash 22,000

d. Treasury Stock - Common 20,000

Common Stock 20,000