Asay Corp. repurchased 50,000 shares of its $1 par common stock at $10 per share on May 1, 20X7. The shares were initially issued on March 15, 20X0 for $15 per share. What is the Journal entry to record the repurchase of shares on May 1, 20x7? None of these DR Common Stock $50,000 DR APIC $700,000 CR Cash $500,000 CR Treasury Stock $250,000 DR Common Stock $50,000 DR Treasury Stock $450,000 CR Cash $500,000 DR Treasury Stock $500,000 CR Cash $500,000 DR Common Stock $50,000 DR APIC $700,000 CR Cash $500,000 CR Loss on Share Repurchase $250.000