ANSWER IT CAREFULLY PLEASE Company XYZ issued shares in $20$X$4$ at $$20$ per share. In $20$X$5,$ Company XYZ repurchased these same shares at $$30$ per share. In $20$X$6,$ Company XYZ resold the shares at $$40$ per share. Assume the number of shares included in the above transactions is $1,000.$

What is the entry that Company XYZ will record when it resells the shares in $20$X$6$ at $$40$ per share?

Multiple Choice

A$.$ Dr$.$ Cash $$4,000.$ Cr$.$ Retained Earnings $$3,000.$ Cr$.$ Treasury shares $$1,000$

B$.$ Dr$.$ Cash $$40,000.$ Cr$.$ Treasury Shares $$30,000.$ Cr$.$ Contributed Surplus $$10,000$

C$.$ Dr$.$ Cash $$4,000.$ Cr$.$ Treasury Shares $$3,000.$ Cr$.$ Contributed Surplus $$1,000$

D$.$Dr$.$ Cash $$4,000.$ Cr$.$ Treasury Shares $$3,000.$ Cr$.$ Gain on Treasury shares $$1,000$

E$.$ None of the other alternatives are correct