On May 1st, Park Corp. purchased 3,000 of its common stock for $25 per share. On October 5th, the company resells the shares for $15 per share. What is the journal entry for October 5th, assuming there is a sufficient balance in Additional Paid in Capital from Treasury Stock?

Dr. Cash 45,000; Cr. Treasury Stock 45,000

Dr. Common Stock 45,000; Cr. Cash 45,000

Dr. Cash 45,000; Dr. Additional Paid in Capital from Treasury 30,000; Cr. Treasury Stock 75,000

Dr. Treasury Stock 75,000; Cr. Cash 75,000