Indicate the direction of effect (+ for increase, ? for decrease, or NE for no effect) of each of the following transactions on the accounting equation in the table below. The first transaction is shown as an example.

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Liabilities + Shareholders' Equity Assets a. Purchased and cancelled 50 shares for $5,000; the original price paid for these shares was also Common shares (+xSE) –5,000 Cash -5,000 $5,000 in total b. Declared and paid a cash dividend of $600 c. Declared and issued a stock dividend valued at $10,000 on no-par common shares d. Sold inventory for $80 cash, when it had cost $55 e. Issued common shares at par for $60,000 cash