On December 2, Coley Corporation acquired 1,500 shares of its $4 par value common stock for $23 each. On December 20, Coley Corporation resold 1,100 shares for $11 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice Credit Treasury Stock $25,300 Credit Treasury Stock $12,100 Credit Additional Paid-in Capital $7,700 Debit Cash $16,500