Please Refer to the Following Information for Peartree Company

Please refer to the following information for Peartree Company: (Assume there are no balances in Paid-in capital from treasury stock transactions.)
If Peartree resold 800 shares of treasury stock for $15 per share, what journal entry would be required?

A) Debit Treasury stock $16,000, debit Loss on sale $4,000 and credit Cash $20,000.
B) Debit Treasury stock $12,000 and credit Cash $12,000.
C) Debit Cash $12,000 and credit Treasury stock $12,000.
D) Debit Cash $12,000, debit Retained earnings $4,000 and credit Treasury stock $16,000.