Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,700 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,850. c. Paid the dividends in (b). d. Issued 117,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. Required: 1. Indicate the effect (+ for increase, - for decrease, + - for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders' equity. (Leave cell blank if there is no effect.) 
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