Treasury Stock

Chen Inc. purchased 1000 shares of its own previously issued $5 per common stock for $2,000. Assuming the shares are held in the Treasury what effect does this transaction have on 1. Net income; 2. total assets; 3. total PAID IN CAPITAL, AND 4. total stockholders equity?

Chen Inc’s treasury stock is resold for $15,000, what effect does this transaction have on 1. net income, 2. total assets, 3. total paid in capital and 4. total stockholders equity?