Renaldo Cross Company views share buybacks as treasury stock. Renaldo repurchased shares and then later sold the shares at more than their acquisition price. What is the effect of the sale of the treasury stock on each of the following? Retained earnings Total paid-in capital 1) no effect increase 2) 2). no effect no effect 3). increase no effect 4). increase increase O Option 4 Option 2 Option 3 O Option 1