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The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized 10,000

The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts:

Contributed Capital
Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 108,000
Additional Paid-In Capital, Preferred 15,390
Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,200 shares) 632,400
Retained Earnings 32,000
Treasury Stock, 1,000 Preferred shares at a cost (9,600 )

Assume that no shares of treasury stock have been sold in the past.

Required:

Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.):

1. The treasury stock transactions increase (decreased) stockholders' equity by?

2. Total stockholders equity is?

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