A corporation paid $8 per share for 4000 of its common shares that had originally sold for an average of $5. What will be the effect on total shareholders' equity?

A corporation paid $8 per share for 4,000 of its own common shares that had originally sold for an average of $5. What will be the effect on total shareholders' equity? decrease of $32,000 increase of $12.000 increase of $20,000 decrease of $12,000