California Surf Clothing Company decides to repurchase $100$ shares of its own stock at a cost of $$38$ per share. Later, the company resells the $100$ shares of treasury stock at $$35$ per share.

Determine the financial statement effects of California Surf reselling its treasury stock.

Note: Amounts to be deducted should be indicated by a minus sign. If there are no effects for a particular transaction$/$event$,$ select "There are no financial statement effects" in the first account field.

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