On May 1, Laney Company purchases 4,000 shares of its own $1 par value stock for $24,000. On October 1, the company reissues 1,000 of these shares when the market price is $7. Which statement is correct regarding this reissuance? Group of answer choices ( thank you)

a/ cash will be credited for $7,000 t

b/ reasury stock will be debited $6,000

c/ cash will be debited for $6,000

d/ Additional paid-in capital (APIC) -treasury stock will be credited for $1,000