On January 1, Vermont Corporation had 37,400 shares of $12 par value common stock issued and outstanding. All 37,400 shares had been issued in a prior period at $18 per share. On February 1, Vermont purchased 1,170 shares of treasury stock for $28 per share and later sold the treasury shares for $19 per share on March 1. The journal entry for the purchase of the treasury shares on February 1 would include a a. debit to Treasury Stock for $32,760 Ob. credit to a gain account for $11,700 Oc. debit to a loss account for $11,700 Od. credit to Treasury Stock for $32,760