Galaxy Industries buys back 303,000 shares of its stock from investors at $48 a share. Two years later it reissues this stock for $68 a share. The stock reissue would be recorded with a debit to Cash for: Multiple Choice $20.60 million and a credit to Treasury Stock for $20.60 million. $14.54 million, a debit to Additional Paid-in Capital for $6.06 million, a credit to Treasury Stock for $14.54 million, and a credit to Stockholders' Equity for $6.06 million. $20.60 million, a credit to Treasury Stock for $14.54 million, and a credit to Additional Paid-in Capital for $6.06 million. $20.60 million, a credit to Treasury Stock for $14.54 million, and a credit to Gain on Sale of Treasury Stock for $6.06 million