Standard Corp. repurchased $1,000$ shares of its $$1$ par value common stock on the market when it was trading for $$16$ per share. How would the company record this transaction $?$ a$.$ Debit Treasury Stock for $$1,000$ and credit Cash for $$1,000..$ Debit Treasury Stock, Common for $$1,000$ and credit Cash for $$1,000.$ cDebit Treasury Stock, $ $1$ Par Value for $$16,000$ and credit $16$ for $$16,000..$ Debit Treasury Stock, Common for $$16,000$ and credit Cash for $$16,000.$ e$.$ Debit Retained Earnings for $$16,000$ and credit Treasury Stock, Common is $$16,000.$