Use the following information to answer the question below. The following transactions involving Lupine Corporation occurred during the year: Apr. 1 Purchased 2,000 shares of its own preferred stock for $20, the current market price. This is the first transaction involving its own stock engaged in by the May 3 company. Sold 400 of the shares purchased on April 1 for $25 per share The entry to record the April 1 transaction would include a O credit to Treasury Stock, Preferred for $40,000. debit to Cash for $40,000. O debit to Retained Earnings for $40,000. O credit to Cash for $40,000