Use the Following Information for $\quad$ $\quad$ $\quad$

Use the following information for .
January 1, 2019: Atlantic Corporation reacquires 2,000 shares of its $15 par common stock for $66 per share.
March 5, 2019: Atlantic reissues 1,000 of the above mentioned shares for $75 per share.
-The journal entry to record the January 1, 2019 transaction will be:

A) Investment in Treasury Stock 132,000
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 132,000
B) Cash 132,000
$\quad$ $\quad$ $\quad$ Treasury Stock 132,000
C) Treasury Stock 132,000
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 132,000
D) Treasury Stock 30,000
Paid-in-capital, Treasury Stock 102,000
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 132,000