Waterway Industries acquired 22800 shares of its own common stock at $21 per share on February 5, 2020, and sold 11400 of these shares at $28 per share on August 9, 2021. The fair value of Waterway's common stock was $25 per share at December 31, 2020, and $26 per share at December 31, 2021. The cost method is used to record treasury stock transactions. What account(s) should Waterway credit in 2021 to record the sale of 11400 shares?

Treasury Stock for $239400 and Retained Earnings for $79800.

Treasury Stock for $285000 and Retained Earnings for $34200.

Treasury Stock for $319200.

Treasury Stock for $239400 and Paid-in Capital from Treasury Stock for $79800.