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Carbide Corporation purchased 36,000 shares of its own stock for $47 per share. The next year, the company sold 3,000 shares for $42 per share

Carbide Corporation purchased 36,000 shares of its own stock for $47 per share. The next year, the company sold 3,000 shares for $42 per share and the following year, it sold 10,000 shares for $29 per share.

Determine the impact of each of these transactions on the following classifications: (Enter a positive value for increase and a negative value for decrease. If no change, leave cell blank.)

Asset

liabilities

Stockholder equity

Net income

Purchase 36,000 shares of treasury stock

Sold 3,000 shares

Sold 10,000 shares

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