On May 24, 2022, ARCC, Limited purchased 700 shares of its own $10 par value common stock in the market for $58 per share. On July 17, 2022, the company sold 600 of these shares in the open market at a price of $63 per share. The entry to record the sale of the treasury stock on July 17, 2022 is: Multiple Choice Debit Credit Credit Cash 37,800 Treasury Stock 34,800 Retained Earnings 3,000 Debit Cash 37,800 Credit Credit Treasury Stock Additional Paid-In Capital 34,800 3,000 Debit Cash Credit Treasury Stock 37,800 37,800 Debit Cash 34,800 Credit Treasury Stock 34,800