On January 1, Vermont Corporation had 39,000 shares of $12 par value common stock issued and outstanding. All 39,000 shares had been issued in a prior period at $20 per share. On February 1, Vermont purchased 900 shares of treasury stock for $28 per share and later sold the treasury shares for $22 per share on March 1. The journal entry to record the purchase of the treasury shares on February 1 would include a

a.credit to Treasury Stock for $25,200

b.debit to Treasury Stock for $25,200

c.debit to a loss account for $7,200

d.credit to a gain account for $7,200