Stellar Inc. issued 20.000 shares of common stock, $1 par value, for $28 per share on March 28, 2020. Related to this transaction. Stellar incurred legal and administrative costs totaling $4,000, paid in cash. The $4,000 share issue costs Are reported as goodwill in balance sheet. Are capitalized and then amortized. Reduce the Paid-in Capital in Excess of Par-Common Stock account. Are reported as an operating expense in income statement. At December 31, 2020, UMC's balance sheet reported the following shareholders' equity: ($ in millions) Common stock. $1 par $200 Paid-in capital in excess of par 800 956 Retained earnings Treasury stock (4 million shares at cost) (25) Total shareholders' equity $1.931 The Company decided to retire the 4 million treasury shares on December 31, 2020. The effect of the retirement of treasury shares on retained earnings is that None of the other answers is correct. Retained earnings decreases. Retained earnings increases. Retained earnings does not change