Monsters, Inc. paid $270,000 to buy back 30,000 shares of its $1 par value common stock. During the year, the following treasury transactions occurred: March 1 June 1 Sold 7,000 shares at $11 per share Sold 12,000 shares at $7 per share The entry on March 1st would require a: debit to Paid-in Capital from Treasury Stock for $63,000. credit to Paid-in Capital from Treasury Stock for $14,000. debit to Retained Earnings for $10,000. credit to Treasury Stock for $7,000