Gruber Law Offices Paid $60,000 to Buy Back 15,000 Shares

Gruber Law Offices paid $60,000 to buy back 15,000 shares of its $1 par value common stock. The stock was sold later at a selling price of $16 per share. The journal entry to record the sale would include a:

A) credit to Paid-in Capital from Treasury Stock Transactions $60,000.
B) debit to Common Stock $60,000.
C) credit to Paid-in Capital from Treasury Stock Transactions $180,000.
D) credit to Common Stock $180,000.