Common Stock:Shares Issued Common Stock Par Value Stock-buy back price (cost) Number of shares purchased Common Stock APIC-Common Stock Resale Price Number of shares resold 150,000 $15.00 $40.00 20,000 $2,250,000 $100,000 $45.00 8,000 "Which of the following is true about the entry to record the RESALE of the Treasury Stock? Select only Correct answers, incorrect answers are penalized." "Credit Gain on sale of treasury stock for $40,000." "Debit Cash for $360,000." "Credit Treasury Stock for $320,000." "Credit PIC, Treasury Stock for $40,000." "Credit Treasury Stock for $360,000." "Debit PIC, Treasury Stock $40,000." "Credit Cash for $360,000." "Credit Common Stock for $320,000." "Debit Common Stock for $120,000