E$14\mathrm{.}7($LO$2)($Effect of Treasury Stock Transactions on Financials$)$ Joe Dumars Company uds outstanding $40,000$ shares of $$5$ par common stock which had been issued at $$30$ per share. Joe Dumars then entered into the following transactions.

Purchased $5,000$ treasury shares at $$45$ per share.

Besold $2,000$ of the treasury slares at $$49$ per share.

Resold $500$ of the treasury shares at $$40$ per share.

Instructions

Use the following code to indicase the effect each of the three transactions has on the financlal statement eategories listed in the table belore, assuming Joe Dumars Company uses the got method $(I=$ Increase; $D=$ Decretasc; NE $=$ No effect$).$