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Q5. Niles Corporation completed the following selected transactions during the current year: Declared and distributed a 10% stock dividend on the 95,000 common shares Mar. 3 outstanding. The market price of the common shares was $25 per share. May 15 Declared a cash dividend on the $5 preferred shares (5,000 shares outstanding). May 30 Paid the cash dividends. Dec. 7 Issued 1,500 common shares for $27 per share. Dec. 18 Issued 10,000 common shares for $28 per share. Required: Following the headings below, analyze each transaction in terms of its effect (in dollars) on the accounting equation of Niles Corporation. Date Description Asset Liability SH Equity