Renoir Corporation reacquired 40,000 shares of its $1 par common stock for $19 per share on July 1. On August 1 they sold 10,000 treasury shares for $22 per share. What is the necessary journal entry for the August transaction?

Group of answer choices.

Cash	40,000
Treasury Stock		40,000

.

Cash	760,000
Treasury Stock		540,000
Addl. Paid-in Capital from Treasury Stock Transactions.		220,000

.

Cash	220,000
Treasury Stock		190,000
Addl. Paid-in Capital from Treasury Stock Transactions.		30,000

.

Cash	220,000
Retained Earnings		220,000