On December 2, Coley Corp. acquired 1,100 shares of its $2 par value common stock for $23 each On December 20, Coley Corp. resold 700 shares for $14 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice O Debit Cash $15,400 O Credit Treasury Stock $9,800 O Credit Treasury Stock $16,100 Credit Additional Pald-in Capital $8.400 Richard's Sporting Goods reports net income of $120.000, net sales of $550,000, and average assets of $1.600,000. The profit margin is. Multiple Choice 8.5% 5.6 times. O 35.4% 21.8%