Minsk Corporation's Shareholders' Equity Section at December 31, 2019 Was

Minsk Corporation's shareholders' equity section at December 31, 2019 was: Common shares, $ 5 par value, authorized 1,200,000 shares; $\begin{array}{ll} \text{ is sued 900,000 shares; outstanding 800,000 shares; .................. }& \$ 4,500,000 \\ \text{Contributed surplus........................................................................ } & 3,250,000 \\ \text{ Retained earnings........................................................................ } & \text{ \(\underline{\text{5,240,000 }}\) } \\ & 12,990,000 \\ \text{ Less treasury shares, at cost, 100,000 shares.................................... } & 800,000 \\ \text{ Total shar eholders' equity...................................................... } & \$ 12.190.000 \\ \end{array}$ During 2020, Minsk sold 30,000 treasury shares at $ 10 per share. No other similar transactions occurred during 2020. What amount should be reported for this transaction on the 2020 income statement?

A) $ 0
B) $ 60,000 gain from sale
C) $ 60,000 comprehensive income
D) $ 20,000 gain from sale and $ 40,000 contributed surplus