Anthem Inc. issues 200,000 shares of stock with a par value of $0.07 for $156 per share. Three years later, it repurchases these shares for $86 per share. Anthem records the repurchase in which of the following ways?

A) Debit Common Stock for $14,000, debit Additional Paid-in Capital for $31,186,000 and credit Cash for $31.20 million.

B) Debit Treasury Stock for $17.20 million and credit Cash for $17.20 million.

C) Debit Common Stock for $14,000, debit Additional Paid-in Capital for $17,186,000 and credit Cash for $17.20 million.

D) Debit Stockholders' Equity for $31.20 million, credit Additional Paid-in Capital for $17.20 million and credit Cash for $17.20 million.