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 Cash 37,800 Credit Treasury Stock 34,800 Credit Retained Earnings 3,000 Debit Cash 34,800 Credit Treasury Stock 34,800 Debit Cash 37,800 Credit Treasury Stock 37,800 Debit Cash 37,800 Credit Treasury Stock 34,800 Credit Additional Paid-In Capital 3,000