A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per share. By how much would net Income be affected by the sale of this treasury stock? Multiple Choice o o $100,000 o 540,000 o There would be no effect on net income from the s oft stock Both cash dividends and stock dividends Multiple Choice Reduce total assets. O Reduce total liabilities Reduce total stockholders' equity. O Reduce retained earnings