Required information. On January 1, 2021, a company had 280,000 shares of $1 par common stock that were issued for $12 per share last year. During 2021, for the first time, the company repurchased and subsequently resold a portion of its stock via the following transactions: February 28: Repurchased 30,000 common shares as treasury stock, paying $13 per share. May 15: Sold 10,000 treasury shares for $15 per share. June 3: Sold 11,000 treasury shares for $9 per share. Use the information above to answer the questions below. As a result of the February 28 purchase of treasury stock, total shareholders' equity: (Click to select) decreases by $390,000 increases by $360,000 increases by $390,000 decreases by $360,000