E$14\mathrm{.}7($LO $2)($Effect of Treasury Stock Transactions on Financials$)$ Joe Dumars Company has 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.

Resold $2,000$ of the treasury shares at $$49$ per share.

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

Instructions

Use the following code to indicate the effect each of the three transactions has on the financial statement categories listed in the table below, assuming Joe Dumars Company uses the cost method $($I $=$ Increase; $D=$ Decrease; $NE=$ No effect$).$

$\backslash$table$[[,,$Stockholders,,Retained,$],[$Assets$,(),$Equity,Cayitul,Earnings,Net Income$]]$