An analysis of the stockholders$$ equity section of Baton Company as of January $1$ is as follows:

Common stock, $$20$ par: $200,000$ shares authorized.

$120,000$ shares issued and outstanding $$2,400,000$

Add. paid$-$in$-$capital $280,000$

Retained earnings $1,540,000$

Total stockholders$$ equity $$4,220,000$

Baton recorded the following transactions during the year:

Acquired $2,000$ shares of its stock for $$70,000.$

Resold $1,200$ shares of treasury stock at $$30$ each.

Assuming no other equity transactions occurred during the year, the total effect of the above two transactions on total stockholders$$ equity would be: