Question 29 1 pts Solar Corporation purchases 75,000 shares of its own $1 par value common stock for $25 per share. What will be the effect on stockholders' equity? O decrease $1,875,000 increase $75,000 O increase $1,875,000 decrease $75,000 Penguin Corporation issues $530,000, 12%, 5-year bonds on January 1, 2023 for $499,000. Interest is paid semiannually on January 1 and July 1. If Penguin uses the straight-line method of amortization of bond discount, the amount of bond interest expense on July 1, 2023 is: $34,900. $31,800. $28,700. $66,700.