Question: Emma, Inc. reacquired 117,359 of its shares at $22 per share as treasury stock. Last year, for the first time, Emma sold 32,820 treasury

Emma, Inc. reacquired 117,359 of its shares at $22 per share as

Emma, Inc. reacquired 117,359 of its shares at $22 per share as treasury stock. Last year, for the first time, Emma sold 32,820 treasury shares at $26 per share. By what amount will Emma's retained earnings decline if it now sells 41,733 treasury shares at $17 per share?

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