Panton, Inc Glotfelty Issues 5,000 Shares of Previously Unissued Stock to the Ago

Panton, Inc. acquired 18,000 shares of Glotfelty Corp. several years ago. At the present time, Glotfelty is reporting the following stockholders' equity: $\begin{array}{|l|r|}\hline \text { Common stock, } \$ 10 \text { par value }(20,000 \text { shares outstanding) } & \$ 200,000 \\\hline \text { Additional paid in capital } & 100,000 \\\hline \text { Retained earnings } & \underline{300,000} \\\hline & \underline{\$ 600,000} \\\hline\end{array}$ Glotfelty issues 5,000 shares of previously unissued stock to the public for $40 per share. None of this stock is purchased by Panton.
Describe how this transaction would affect Panton's books.