On January $1,2022,$ Metco Incorporated reported $282,000$ shares of $$2$ par value common stock as being issued and outstanding. On March $24,2022,$ Metco$$Incorporated purchased for its treasury $3,100$ shares of its common stock at a price of $$38\mathrm{.}00$ per share. On August $19,2022,870$ of these treasury shares were sold for $$42\mathrm{.}50$ per share. Metco's directors declared cash dividends of $$0\mathrm{.}70$ per share during the second quarter and again during the fourth quarter, payable on June $30,2022,$ and December $31,2022,$ respectively. A $4\%$ stock dividend was issued at the end of the year. There were noOn January $1,2022,$ Metco Incorporated reported $282,000$ shares of $$2$ par value common stock as being issued and outstanding. On March $24,2022,$ Metco$$Incorporated purchased for its treasury $3,100$ shares of its common stock at a price of $$38\mathrm{.}00$ per share. On August $19,2022,870$ of these treasury shares were sold for $$42\mathrm{.}50$ per share. Metco's directors declared cash dividends of $$0\mathrm{.}70$ per share during the second quarter and again during the fourth quarter, payable on June $30,2022,$ and December $31,2022,$ respectively. A $4\%$ stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year. other transactions affecting common stock during the year.

a$-1.$ Use the horizontal model for the treasury stock purchase on March $24,2022.$Indicate the financial statement effect.

Note: Enter decreases with a minus sign to indicate a negative financial statement effect.