Sunland Co, issued 100000 shares of $10 par common stock for $1170000. A year later Sunland acquired 16500 shares of its own common stock at $14 per share. Three months later Sunland sold 8000 of these shares at $19 per share. If the cost method is used to record treasury stock transactions, to record the sale of the 8000 treasury shares, Sunland should credit Treasury Stock for $152000. Treasury Stock for $80000 and Paid-in Capital from Treasury Stock for $72000 Treasury Stock for $112000 and Paid-in Capital from Treasury Stock for $40000. Treasury Stock for $112000 and Paid-in Capital in Excess of Par for $40000