The authorized share capital of the Alfred Cake Company is 130,000 shares. Currently 29,500 shares are issued and outstanding. The equity is currently shown in the company's books as follows: Common stock Retained earnings Common equity $137,000 39,500 176,500 What would happen to the company's books if instead it bought back 1,190 shares at $8.23 per share? The average issue price of these shares was $8.23. (Round your answers to 1 decimal place.) Common Shares Retained Earnings Net Common Equity $ $ $