Ross Corporation Reported the Following Equity Section on Its Current

Ross Corporation reported the following equity section on its current balance sheet.
$$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Common stock, \$5 par, 140,000 shares } \\\text { authorized, 50,000 shares issued }\end{array} & \$ 250,000 \\\hline \text { Paid in capital in excess of par - common } & 200,000 \\\hline \text { Retained earnings } & \underline { 207,000 } \\\hline \text { Total stockholders' equity } & \$ \underline { 657,000 } \\\hline\end{array}$$ The corporation has acquired treasury stock for $9.50 per share. No treasury stock has been reissued by the corporation. Which of the following would be included in the entry to record the reissue of 8,000 shares of the treasury stock for $8 per share?

A) Treasury stock would be debited for $76,000.
B) Retained earnings would be debited for $12,000.
C) Common stock would be credited for $40,000
D) Paid-in capital from treasury stock transactions would be credited for $64,000.