On 4/2/2016, Black Co. repurchased 100 shares of its own common stock for $3.80 per share and held these shares in treasury. On 10/12/2016, Black resold all the treasury shares for $4.80 per share. Prepare the journal entry that should be recorded when Black resells the treasure stock on 10/12/2016 by filling "debit" or "credit" in the blank in front of each account, and filling the amount in the blank after each account (e.g., Credit Tax Payable 1000). Treasury Stock Additional paid-in capital Cash Indicate the direction of effects of the journal entry on the elements of the balance sheet and income statement. Fill in each blank with "Increase", "Decrease", or "No Effect". Assets: Liabilities: Stockholders' Equity: Net Income