Current Attempt in Progress Sunland Company acquired 22000 shares of its own common stock at $21 per share on February 5, 2020, and sold 11000 of these shares at $28 per share on August 9, 2021. The fair value of Sunland's common stock was $25 per share at December 31, 2020, and $26 per share at December 31, 2021. The cost method is used to record treasury stock transactions. What account(s) should Sunland credit in 2021 to record the sale of 11000 shares? O Treasury Stock for $231000 and Retained Earnings for $77000. O Treasury Stock for $275000 and Retained Earnings for $33000. O Treasury Stock for $308000. O Treasury Stock for $231000 and Paid-in Capital from Treasury Stock for $77000. Save for Later Attempts: 0 of 1 used Submit Answer

Sunland Compary acquired 22000 shares of its own common stock at $21 per share on February 5,2020 , and sold 11000 of these shares at $28 per share on August 9.2021. The falr value of Sunlands coenmon stock was $25 per share at December 31,2020 and 526 per share at December 31.2021. The cost method is used to record treasury stock transactions What accoont(5) should Suntand credit in 2021 to record the sale of 11000 shares? Treasury 5 tock for $231000 and Retained Earnings for $77000. Treasury 5 tock for $275000 and Retained Earning for $33000 Treasury Stock for $300000 Treasury Stock for $231000 and Paid in Capital from Treasary $ tock for $77000