Using the following information, the journal entry to record the March 5, 2016 transaction will be: January 1, 2016: Atlantic Corporation reacquires 2,000 shares of its $20 par common stock for $88 per share. March 5, 2016: Atlantic reissues 1,000 of the above mentioned shares for $100 per share. Select one: A. Cash 100,000 Treasury Stock Paid in capital, treasury stock 88,000 12,000 B. Cash 100,000 Treasury Stock 88,000 Gain on sale of treasury stock 12,000 C. Cash 100,000 Treasury Stock 20,000 Paid in capital, treasury stock 80,000 100,000 Cash 88,000 Treasury Stock Investment income on treasury stock 12,000