Griggs Company reissued 100 shares of its treasury stock. Griggs had purchased the stock for $25 per share and reissued it for $35 per share. Select the answer that accurately reflects how the reissue of the treasury stock would affect Griggs' financial statements.

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The Answer of Griggs Company reissued 100 shares of its treasury stock. Griggs had purchased the stock for $25 per share and reissued it for $35 per share. Select the answer that accurately reflects how the reissue of the treasury stock would affect Griggs' financial statements.

Griggs Company Reissued 100 Shares of Its Treasury Stock