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tion 14 The Leverenz Company issued 10,000 shares of $10 par common stock. Sale price was $25 per share Leverenz then: et 1. Purchased 2,000
tion 14 The Leverenz Company issued 10,000 shares of $10 par common stock. Sale price was $25 per share Leverenz then: et 1. Purchased 2,000 shares at $35 per share 2. Resold 800 of the shares at $39 per share 3. Resold 500 of the shares at $30 per share s out of lag ion No other stock transactions occurred. Retained Earnings was $20,000 prior to these transactions. What is the combined effect of Transactions #1 through #3 on Retained Earnings and Total Stockholders Equity, respectively? Select one: O a. S0, $0 O b. $2,500 decrease, $15,000 decrease O c. S200 increase, S46.200 increase O d. $0, $23,800 decrease O e. $200 increase, $23,800 decrease
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