At incorporation, Owl Co. issued 1,000,000 shares of its $1 par common stock at $20 per share. During the current year, Owl acquired 30,000 shares of its common stock at a price of $25 per share and accounted for them by the cost method. Subsequently, these shares were reissued at a price of $22 per share. There have been no other issuances or acquisitions of its own common stock. What effect does the reissuance of the stock have on Retained Earnings and Additional Paid-in Capital, respectively?

No Effect & No Effect

No Effect & Decrease

Decrease & No Effect

Decrease & Decrease