Can you please help me with this question:

E15.7 (LO2) (Effect of Treasury Share Transactions on Financials) Goosen SA has outstanding 40,000 shares of €5 par ordinary shares which had been issued at €30 per share. Goosen then entered into the following transactions.

1. Purchased 5,000 treasury shares at €45 per share. 2. Resold 500 of the treasury shares at €40 per share. 3. Resold 2,000 of the treasury shares at €49 per share.

Please use the following code to indicate the effect each of the three transactions has on the financial statement categories listed in the table below, assuming Goosen SA uses the cost method: I = Increase; D = Decrease; and NE = No effect.

# Assets Liabilities Equity Share Premium Retained Earnings Net Income

1

2

3