Niles Corporation completed the following selected transactions during the current year:
Mar. 3 Distributed a 10% stock dividend on the 90,000 common shares outstanding. The market price of the common shares was $25 per share.
May 16 Declared a cash dividend on the $5 preferred shares (5,000 shares outstanding).
30 Paid the cash dividends.
Dec. 8 Issued 1,500 common shares for $27 per share.
19 Issued 10,000 common shares for $28 per share.
Requirement
Analyze each transaction in terms of its effect (in dollars) on the accounting equation of Niles Corporation.