On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $50,000. On October 31, 2013 Mehrzad recorded a stock dividend of 8% when the market price of the stock was $8/share. On December 1, 2013, Mehrzad bought 4,000 shares at price of $7/share. The consequence of this transaction would result in: Increase cash by $28,000 Reduce Additional Paid-in Capital by $28,000 O None of the other answers given O Decrease Shares Outstanding to Decrease shares outstanding to 6,500 shares