Question $19$

$2\mathrm{.}5$ pts

In $2018,$ Erock Lee Vepetables, issued $$1$ par valve common stock for $$30$ per share.

No other common stock transactions occurred until March $31,2020,$ when Brock Lee acquired some of the issued shares for $$25$ per share and retired them.

Which of the following statements is true for this acquisition and retirement?

Raditional paid in capital is increased.

$2000$ set income is increased.

Retained caming is inoveased:

$7020$ ret income is decreased.

Not saved