QUESTION 32 The following information relates to the next four questions. Isley Corporation started business in 2015 by issuing 200,000 shares of $20 par common stock for $36 each. In 2020, 25,000 of these shares were purchased for 554 per share by Isley and held as treasury stock. On June 15, 2021. these 25.000 shares were exchanged for a piece of property that had an assessed Value of $1,010,000. Isley's stock is actively traded and had a market price of $60 on june 15, 2021. The cost method is used to account for treasury stock Question 29. By how much is earned capital increased in the original issuance of 2015? QUESTION 33 in the 2020 purchase of treasury stock, which of the following is false? 1. Working capital decreases, Current Astets decrease 2. Equity decreases, Assets decrease 3. Equity increases. Working capital decreases 4. Equity decreases, Working capital decreases QUESTION 34 On June 15, 2021 when the treasury stock is exchanged for property what is the incremental impact on net income in dollars QUESTION 35 The amount of increase in Additional Paid-in-Capital recorded into earnings on June 15, 2021 is equal to