q34

Crane Company acquired 20600 shares of its own common stock at $18 per share on February 5, 2020, and sold 10300 of these shares at $25 per share on August 9, 2021. The fair value of Crane's common stock was $22 per share at December 31, 2020, and $23 per share at December 31, 2021. The cost method is used to record treasury stock transactions. What account(s) should Crane credit in 2021 to record the sale of 10300 shares? Treasury Stock for $257500. O Treasury Stock for $185400 and Retained Earnings for $72100. O Treasury Stock for $226600 and Retained Earnings for $30900. O Treasury Stock for $185400 and Paid-in Capital from Treasury Stock for $72100