JC Corporation had 20,000 shares of $4 par value common stock outstanding on January 1, 2011. On January 20, 2011, the company purchased 2,000 of the outstanding shares for $16 per share. On July 3, 2011, the company resold 1,000 of the shares at $20 per share. What is the journal entry to record the resale on July 3?

a.

Cash		20,000
	Treasury Stock		20,000

b.

Cash		20,000
	Treasury Stock		16,000
	Additional Paid-in capital		4,000

c.

Cash		20,000
Retained earnings		4,000
	Treasury Stock		16,000

d.

Cash		20,000
	Treasury Stock		16,000
	Retained earnings (gain)		4,000