January 1: Walgreens reacquires 2,400 shares of its $18 par value Common Stock for $79 per share. March 5: Walgreens reissues 1,200 of the above-mentioned shares for $90 per share.

Using the above information, the journal entry to record the March 5th transaction will be:

Select one:

a.

	Debit	Credit
Cash	108,000
Treasury Stock		108,000

b.

	Debit	Credit
Cash	108,000
Treasury Stock		94,800
Gain on Sale of TS		13,200

c.

	Debit	Credit
Cash	108,000
Treasury Stock		94,800
APIC TS		13,200

d.

	Debit	Credit
Cash	108,000
Treasury Stock		94,800
Investment Income		13,200

e.

	Debit	Credit
Cash	108,000
Treasury Stock		21,600
APIC TS		86,400