Brown Company purchases 1000 shares of its own stock from common shareholders for $800,000. Brown records the following entry? Select one: O Dr. Cash 800,000 Cr. Treasury Stock 800,000 O Dr. Treasury stock 800,000 Cr. Cash O Dr. Paid in Capital Common Stock 800,000 Cr. Cash 800,000 Dr. Long Term Investments 800,000 Cr. Cash 800,000 Cash Dividends Paid Select one: O Increase stockholders equity O Reduce net income O Reduce retained earnings which is part of stockholders equity in the balance sheet O Increase retained earnings.