On January 1, Vermont Corporation had 35,200 shares of $11 par value common stock issued and outstanding. All 35,200 shares had been issued in a prior period at $19 per share. On February 1, Vermont purchased 1,200 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on March 1. The journal entry for the purchase of the treasury shares on February 1 would include a

a.credit to Treasury Stock for $28,800

b.debit to Treasury Stock for $28,800

c.debit to a loss account for $6,000

d.credit to a gain account for $6,000