CH 10 Problem Assignment #1 Saved Help Save & Exit Submit 2 Check my work 1 4 points eBook Print California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to purchase 100 shares at a cost of $38 per share. Determine the financial statement effects of the purchase of treasury stock. (Amounts to be deducted should be entered with minus sign.) References Revenues Income Statement Expenses Balance Sheet Assets = Liabilities +