Unit 4 Discussion Topic #2: Reacquisition of Shares 15 pts Satchel Inc. purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held in treasury with intent to reissue, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid in capital, and (d) total stockholders' equity? Respond to students who have different views than yours and state why