On January 1, Vermont Corporation had 46,000 shares of $10 par value common stock issued and outstanding. All 46,000 shares had been issued in a prior period at $20 per share. On February 1, Vermont purchased 1,110 shares of treasury stock for $25 per share and later sold the treasury shares for $18 per share on March 1. The Journal entry to record the purchase of the treasury shares on February I would include a Oal credit to Treasury Stock for 527,750 b. credit to gain account for 55.550 De, debit to Treasury Stock for $22.750 Od 'sbit to a los account for $5550