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Midway Corporation issued 100,000 shares of $0.01 par value common stock at current market price. Midway Corp. late purchased 6,000 shares to hold in the

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Midway Corporation issued 100,000 shares of $0.01 par value common stock at current market price. Midway Corp. late purchased 6,000 shares to hold in the treasury. The effect of this purchase on both the common stock account and total stockholders' equity will be: Common Stock will remain the same and total stockholders' equity will remain the same. Common Stock will remain the same and total stockholders' equity will decrease. Common Stock will decrease and total stockholders' equity will decrease. Common Stock will increase and total stockholders' equity will increase

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