Carbide Corporation purchased 38,000 shares of its own stock from investors for $42 per share. The next year, the company resold 3,000 of the repurchased shares for $46 per share, and the following year it resold 8,000 of the repurchased shares for $29 per share.

Determine the impact (increase, decrease, or no change) of each of these transactions on the following:assets, liabilities, net income, owner's equity