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

Use the following information for .
January 1, 2019: Pacific Corporation reacquires 2,000 shares of its $20 par common stock for $88 per share.
March 5, 2019: Pacific reissues 1,000 of the above mentioned shares for $100 per share.
-The journal entry to record the January 1, 2019 transaction will be:

A) Investment in Treasury Stock 176,000
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 176,000
B) Cash 176,000
$\quad$ $\quad$ $\quad$ Treasury Stock 176,000
C) Treasury Stock 176,000
$\quad$ $\quad$ $\quad$ $\quad$ Cash 176,000
D) Treasury Stock 40,000
Paid-in-capital, Treasury Stock 136,000
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 176,000