rossroads Mall had $100,000$ outstanding shares of common stock. On June $16,$ Year $3,$ Crossroads bought back $0,000$ shares of its own stock at $$30$ per share. On July $23,$ Year $3,$ Crossroads resold $10,000$ shares at $$28$ per hare. What was the net effect on the balance sheet as a result of the two treasury stock transactions?

Multiple Choice

Increase in total assets and decrease in total stockholders' equity

Decrease in total assets and increase in total stockholders' equity

Decrease in total assets and decrease in total stockholders' equity