ASAP !! LESY, Inc. paid $500 to buy back 100 shares of its $1 par value ordinary shares. These shares were sold later at a selling price of $7 per share. The entry to record the sale includes a

a. credit to Retained Earnings for $200.

b. debit to Retained Earnings for $500

c. debit to Share PremiumTreasury for $500.

d. no correct answer

e. credit to Share PremiumTreasury for $200.