Problem 15-8

Buffalo Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles $43,900 49,500 232,200 64,100 $389,700 Total assets Liabilities and Stockholders' Equity Current and long-term liabilities $93,200 Stockholders' equity Common stock ($5 par) Paid-in capital in excess of par Retained earnings $21,800 103,400 171,300 296,500 Total liabilities and stockholders' equity $389,700 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent.)