Moony Corporation had 20,000 shares of $4 par-value common stock outstanding on January 1, 2006. On January 10, 2006, the firm purchased 2,000 of its outstanding shares for $18 per share. On July 22, 2006, it reissued 1,000 shares at $22 per share. Given this information, the entry to record the reissuing of the remaining 1,000 shares on August 17, 2006, at $12 per share would probably include a:

a)Credit to Treasury Stock of $4,000

b)Debit to Retained Earnings of $2,000

c)Debit to Paid-In Capital, Treasury Stock of $6,000

d)Debit to Loss on Sale of Stock of $6,000