Phi Phi O'Hara's NNonky Eyelashes is repurchasing shares using the retirement method. They currently have a $5,000 balance in their PIC-Share Repurchases account. When they sold the shares on January 31st, 2019. they received $120,000 for 10,000 shares with a par value of $1 each. Unfortunately, the market for wonky eyelashes has collapsed, and they are repurchasing each of the 10.000 shares for $9.50 each. Which of the following will be included in their journal entry to repurchase the shares? O Credit PIC - Common Stock for $110,000 O Debit PIC - Common Stock for $85.000 O Debit PIC - Common Stock for $110,000 O None of the given answers. Debit PIC - Share Purchases for $5,000