The day corp holds 1000 shares of it s $5 par value common stock as treasury stock that the company purchased in 2020 for $150,000. Day corps resissued all 1000 shares for $160,000. under the cost method of accounting for treasury stock, the reissuance journal entry reissued

a. credit to treasury stock for $160,000

b. none of above

c. credit to gain on sale of $10k

d. credit to common stock for $10k

e. credit to paid in excess of $10k