Chen, Inc. buys 1,000 shares of its own previously issued $5 per common stock for $12,000. Suppose shares are held in treasury, what effect this transaction has on (i) net income, (ii) total assets, (iii) total paid-in capital, and (iv) total stockholders' equity? Treasury stock bought in above question was resold by Chen, Inc. for $15,000. Find effect this transaction has on (i) net income, (ii) total assets, (iii) total paid-in capital, and (iv) total stockholders' equity?