Question 6 of 25 0.44 / 1 e View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Benjiro Group has outstanding 100,000 100 par ordinary which had been issued at 4,000 per share. Benjiro then entered into the following transactions. 1. Purchased 8,000 treasury shares at 3,700 per share. 2. Resold 1,500 of the treasury shares at 3,400 per share. 3. Resold 2,000 of the treasury shares at 4,200 per share. Indicate the effect each of the three transactions has on the financial statement categories listed in the table below, assuming Benjiro Group uses the cost method. Share Premium N Inc Retained Earnings # Assets Liabilities Equity 1 Decrease Decrease 2 Increase Increase Decrease 3 Increase Increase Increase e Textbook and Media