XYZ acquired 30,000 shares of its common stock at $20 per share on March 10, Year1, and sold 15,000 of these shares at $30 per share on September 1, Year2. The fair value of XYZs common stock was $23 per share on December 31, Year1, and $25 per share at December 31, Year2. The cost method is used to record treasury stock transactions. What account(s) should XYZ credit in Year2 to record the sale of 15,000 shares? The correct answer is B. Explanations?

1. a) Treasury Stock for $450,000
2. b) Treasury Stock for $300,000 and Paid-In Capital from Treasury Stock for $150,000
3. c) Treasury Stock for $150,000 and Retained Earnings for $300,000
4. d) Treasury Stock for $345,000 and Retained Earnings for $150,000