Question cpa-0544baker co. issued 100,000 shares of common stock in the current year. on october 1, baker repurchased 20,000 shares of its common stock on the open market for $50.00 per share. at that date, the stock's par value was $1.00 and the average issue price was $40.00 per share. baker uses the cost method for treasury stock transactions. on december 1, baker reissued the stock for $60.00 per share. what amount should baker report as treasury stock gain at december 31? a. $0b . $200,000 c. $400,000 d. $980,000