CyberMax Stockholders Equity (Before purchase of Treasury Stock) Common stock $10 par, 10,000 shares authorized and issues: $100.000 Retained earnings 25,000 Total stockholders equity $125,000 On May 1, CyberMax purchases 1,000 of its own shares for $11.50. Prepare the journal entry to record the purchase of the treasury stock. Prepare the stockholders equity section after the purchase of the treasure stock. CyberMax Stockholders Equity (After purchase of Treasury Stock) Answer the following questions about treasure stock: Purchase of treasure stock reduces, _______,______________ and __________, but does not reduce _____________ or _________________.