Dante, Inc B) C) $$\begin{array} { | c | r | r | } \hline \text { Retained Earnings } & 96,000 & \\\hline \text { Treasury Stock } & & 96,000 \\\hline\end{array}$$

Dante, Inc. reacquired 30,000 shares of its $1 par common stock for $19 per share on January 31. On March 1 they sold 7,000 treasury shares for $29 per share. On April 1 they sold 6,000 treasury shares for $16 per share. What is the necessary journal entry for April 1?

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 570,000 & \\\hline \text { Treasury Stock } & & 480,000 \\\hline \begin{array} { l } \text { Addl. Paid-in Capital from Treasury Stock } \\\text { Transactions. }\end{array} & &90,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 96,000 & \\\hline \text { Addl. Paid-in Capital from Treasury Stock Transactions. } & 18,000 & \\\hline \text { Treasury Stock } & & 114,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Retained Earnings } & 96,000 & \\\hline \text { Treasury Stock } & & 96,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 96,000 & \\\hline \text { Retained Earnings } & 18,000 & \\\hline \text { Treasury Stock } & & 114,000 \\\hline\end{array}$$