The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the companys books as follows:

Common stock (3 par value) $ 90,000

Additional paid-in capital 30,000

Retained earnings 50,000

Common equity 170,000

Treasury stock (3,000 shares) 11,000

Net common equity $ 159,000

a. Suppose that the company issues 30,000 shares at $5 a share. Construct the revised equity accounts.

Common stock $ ??

Additional paid-in capital ??

Retained earnings ??

Common equity Treasury stock ??

Net common equity $ ??

b. What would happen to the companys books if instead it bought back 3,000 shares at $5 per share? Construct the revised equity accounts.

Common stock $ ??

Additional paid-in capital ??

Retained earnings ??

Common equity Treasury stock ??

Net common equity $ ???

Please help me explain each result

Thanks a lot