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 March 5, 2019 transaction will be:

A) Cash 100,000
$\quad$ $\quad$ $\quad$ Treasury Stock 88,000
$\quad$ $\quad$ $\quad$ Paid-in capital, treasury stock 12,000
B) Cash 100,000
$\quad$ $\quad$ $\quad$ Treasury Stock 88,000
$\quad$ $\quad$ $\quad$ Gain on sale of treasury stock 12,000
C) Cash 100,000
$\quad$ $\quad$ $\quad$ Treasury Stock 20,000
$\quad$ $\quad$ $\quad$ Paid-in capital, treasury stock 80,000
D) Cash 100,000
$\quad$ $\quad$ $\quad$ Treasury Stock 88,000
$\quad$ $\quad$ $\quad$ Investment income on treasury stock 12,000