Long Co. Isted 100.000 shares of 510 par common stock for $1,200,000. A year later long acquired 16,000 shares of its own common stock 1 515 per share. Three months later long sold 8.000 of these shares at $19 per share. If the con method is used to record tremury stock transactions to record the sale of the 8.000 treasury shares. Long should credit Temury stock foto. and Paides Capite from remory Stock for $7,000 Treasury Stock for $120,000 and Paid in Capital from Treniry Stock for $30.000 Treasury stock for $120,000 and Paid in Capital in Excess of Par for $32,000 Treasury Stod for $152.000