On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares has been issued in a prior period at $20.00 per share. On February 1, Vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on March 1. ​ The journal entry to record the purchase of the treasury shares on February 1 would include a a. ​debit to a loss account for $112,500 b. ​debit to Treasury Stock for $90,000 c. ​credit to a gain account for $112,500 d. ​credit to Treasury Stock for $90,000