Recording: Treasury Stock vs$.$ Direct Stock Retirement

On December $31,$ the records for Lakers Inc. provided the following data on stockholders$$ equity.

$-$ Common stock, $$10$ par, $30,000$ shares issued: $$300,000$

$-$ Additional paid$-$in capital on common stock, $$0\mathrm{.}30$ per share: $$9,000$

$-$ Treasury stock, $3,000$ shares $($cost $$9\mathrm{.}80$ per share$)$: $$29,400$

On that date, the stockholders vote to retire all of the treasury stock immediately and to purchase for direct retirement another $4,000$ shares of common stock currently trading at $$12\mathrm{.}50$ per share.

a$.$ Provide the journal entry to retire the $3,000$ shares of treasury stock.

b$.$ Provide the journal entry for the purchase and immediate retirement of the $4,000$ shares of outstanding common stock

c$.$ Assume instead for part b that the company holds the $4,000$ shares in the treasury rather than retiring immediately. Record the journal entry.

d$.$ Determine the change in stockholders' equity after part b and then again after part c$.$

Note: Indicate a decrease with a negative sign.