For each of the following numbered items, you are to select the lettered item(s) that indicate(s) its effect(s) on the corporation€™s statements. If more than one effect is applicable to a particular item, be sure to indicate all applicable letters. (Assume that the state statutes do not permit declaration of non-liquidating dividends except fromearnings.)

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Item Effect a. Reduces working capital b. Increases working capital c. Reduces current ratio d. Increases current ratio e. Reduces the dollar amount oftotal capital stock f. Increases the dollar amount of total capital stock g. Reduces total retained eamings h. Increases total retained eamings i. Reduces equity per share of common stock j. Reduces equity of cach common stockholder I. Declaration of a cash dividend due in one month on noncumulative preferred stock 2. Declaration and payment of an ordinary 3. Receipt of a cash dividend, not previously 4. Passing of a dividend on cumulative preferred 5. Receipt of preferred shares as a dividend on stock dividend recorded, on stock of another corporation stocks stock held as a temporary investment This was not a regularly recurring dividend. Payment of dividend mentioned in (1) Issue of new common shares in a 5-for-1 stock split 6. 7.