2. The following data are taken from the stockholders' equity section of the balance sheet of a company: Common Stock, $10 Par Value, 30,000 Shares Authorized, 12,000 Shares $120,000 Issued, 10,000 Shares Outstanding Additional Paid-in Capital Retained Earnings Treasury Stock, 2,000 Shares 60,000 50,000 26,000 What was the average issue price per share of the common stock? A) $13.00 B) $10.00 C) $15.00 D) $18.00 Answer: 33. What effect does the purchase of treasury stock have on the balance sheet? Total Assets Total Liabilities Stockholder's Equity A) No effectNo effect B) Decrease No effect Decrease )|Increase D) Decrease Decrease No effect |No effect |Increase Increase