1. A firm holds 1,000 treasury shares which it acquired for $15 per share (par value $1). The firm reissues (i.e. sells) 500 of the treasury shares for $20 per share. Using the cost method, what is the entry to record the sale of the treasury stock?

a.	Cash 10,000 Treasury Stock 10,000
b.	Cash 10,000 Treasury Stock 7,500 APIC 2,500
c.	Cash 10,000 Treasury Stock 500 APIC 9,500
d.	Cash 10,000 Common Stock-Par 1,000 Treasury Stock 11,000