Panton, Inc. acquired 18,000 shares of Glotfelty Corp. several years ago. At the present time, Glotfelty is reporting the following stockholders' equity: 
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.
Definitions:
Police Log
A public record maintained by law enforcement agencies detailing daily activities, incidents, and responses.
Booking
The process of recording an individual's entry into the detention or jail system following an arrest.
Blotter
A blotter is an official record of events, transactions, or occurrences kept by an organization, often used in police departments to record crimes or incidents.
Excessive Bail
A bail amount deemed unreasonably high considering the circumstances and nature of the offence.
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