An analysis of stockholders' equity of Stone Corporation as of January $1,2023,$ is as follows:

Common stock, par value $$20$; authorized $100,000$ shares; issued and outstanding $80,000$ shares

$$1,600,000$

Paid$-$in capital in excess of par

$2,800,000$

Retained earnings

$1,720,000$

Total

$$6,120,000$

Stone uses the cost method of accounting for treasury stock.

$($a$)$ On March $2,2023,$ Stone acquired $10,000$ shares of its stock for $$600,000.$

$($b$)$ On July $20,2023,$ Stone sold $5,000$ treasury shares at $$70$ per share.

$($c$)$ On September $10,2023,$ Stone sold the remaining $5,000$ treasury shares at $$45$ per share. The journal entry for $($b$)$ above will include:

a$.$ Credit to Cash for $$350,000.$

b$.$ Credit to Paid$-$in Capital from Treasury Stock for $$50,000.$

C$.$ Credit to Treasury Stock for $$350,000.$