Blossom, Inc. purchases 2,200 shares of its own previously issued $5 par common stock for $12,200. Assuming the shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital, and (d) total stockholders' equity? (a) Net income (b) Total assets (c) Total paid-in capital (d) Total stockholders' equity