Everything is correct except for b. Treasury Shares at Cost

Book value of common stockholders' equity of FedEx, May 31, 2014 (figures in $ millions) Common stock ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other 2,801 16,915 (5,122) 157 14,784 Net common equity Note: Authorized shares (millions) Issued shares, of which 750 330 330 43 Outstanding shares Treasury shares a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. (Leave no cells blank -be certain to enter "O" wherever required. Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) Common shares (S0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other 33.2 3,060.8 16,915.0 (5,122.0) 157.0 15,044.0 Net common equity b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 per share? (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other 33.0 2,801.0 16,915.0 (4,883.8) 157.0 15,022.2 Net common equity