On January 1, Vermont Corporation had 46,500 shares of $11 par value common stock issued and outstanding. All 46,500 shares had been issued in a prior period at $18 per share. On February 1, Vermont purchased 1,140 shares of treasury stock for $29 per share and later sold the treasury shares for $20 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

$33,060 b.debit to a loss account for $12,540 c.debit to Treasury Stock for $33,060 d.credit to a gain account for $12,540