On June 15, Handel Corporation reacquired 10,000 shares of its $10 par value common stock for $22 per share. Handel uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit
a) Treasury Stock for $100,000
b) Treasury Stock for $220,000
c) Common Stock for $100,000
d) Common Stock for $100,000 and Paid-in Capital in Excess of Par for $120,000