stion 21 CH15: On September 14, 2017, KIWI reacquired 12,000 shares of its $1 par value common stock for $40 per share. KIWI uses the cost method to account for treasury stock The journal entry to record the reacquisition of the stock should debit out of Select one: a. Treasury Stock for $12,000 O b. Treasury Stock for $480,000 c. Common Stock for $12,000 and Paid-in Capital in Excess of Par for $468,000 O d. Common Stock for $480,000