The authorized share capital of the Alfred Cake Company is 208,000 shares. Currently 24,500 shares are issued and outstanding. The equity is currently shown in the company's books as follows: Common stock Retained earning Common equity $105,000 34,500 139.500 What would happen to the company's books if instead it bought back 1.090 shares at $6.53 per share? The average issue price of these shares was $6.53 (Round your answers to 1 decimal place.) Common Shares Retained Warnings Net Common Equity