Insta company has previously purchased 1 400 shares of the company's $1 par common stock as treasury paying cash $5 per share. During this month, the company's stock was trading at $15 so Insta decided to sell 200 shares of the treasury stock Record the sale of Treasury Stock Select one: a. Debit Cash$3,000 Credit Treasury stock $3,000 b. Debit Cash$1,000 Credit Treasury stock $1,000 C. Debit Cash $3,000 Credit Treasury stock $2,000 and Credit Paid-in capital in excess of par $1,000 d. Debit Cash$3,000 Credit Treasury stock $1,000 and Credit Paid-in capital in excess of par $2,000