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Required information

E$11-9($Algo$)$ Recording and Reporting Stockholders' Equity Transactions, Including Closing Entry $[$LO $11-2,$

LO $11-3]$

$[$The following information applies to the questions displayed below.$]$

The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity:

a$.$ Purchased $$351,200$ of common stock now held in treasury.

b$.$ Declared cash dividends in the amount of $$260,600.$

c$.$ Paid the dividends in $($b$).$

d$.$ Issued $112,000$ new shares of $$0\mathrm{.}10$ par value common shares for $$2$ per share.

e$.$ Closed the Dividends account.

E$11-9($Algo$)$ Part $1$

Required:

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.$)$