Assuming the shares are held in the treasury with intent to reissue, what effect does this…

Satchel Inc. purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held in the treasury with intent to reissue, what effect does this transaction have on (a) net income, (b) Total assets, (c) total paid-in capital, and (d) total stockholders" equity?

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