A corporation purchases 15000 shares of its own $20 par common stock for $25 per share, recording it at cost. What will be the effect on total stockholders' equity? Increase by $375000. Decrease by $300000. Increase by $300000. Decrease by $375000. A company had net income of $765400. Depreciation expense is $94600. During the year, accounts receivable and inventory increased $51600 and $137600, respectively. Prepaid expenses and accounts payable decreased $6880 and $13760, respectively. There was also a loss on the sale of equipment of $10320. How much cash was provided by operating activities? $928800. $970080. $653600. $674240