Garden Corporation's balance sheet shows:

Common stock, $20 par	$3,000,000
Paid-in capital in excess of par - C/S	1,050,000
Retained earnings	750,000

During the year, Garden bought 8,000 shares of its common stock at $29 a share. It subsequently sold 4,000 treasury shares at $30 a share.

Late in the year, Garden sold 2,000 additonal shares of treasury stock at $26 a share. Assume Garden has $4,000 PIC - Treasury Stock already on its books as a result of the earlier transactions.

Identify the journal entry Garden would use to record the sale of 2,000 shares of treasury stock using the cost method.

		Dr. Cash 52,000 Dr. PIC - Treasury Stock 6,000 Cr. Treasury Stock 52,000 Cr. Retained Earnings 6,000
		Dr. Cash 52,000 Cr. Treasury Stock 52,000
		Dr. Cash 52,000 Dr. PIC - Treasury Stock 6,000 Cr. Treasury Stock 58,000
		Dr. Cash 52,000 Dr. PIC - Treasury Stock 4,000 Dr. Retained Earnings 2,000 Cr. Treasury Stock 58,000