Required information E11-9 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 $350,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,000. C. Paid the dividends in (b). d. Issued 100,000 new shares of $010 par value common shares for $2 per share. e. Closed the Dividends account E11-9 Part 1 Required: 1. 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.) 3 Answer is not complete. Stockholders Assets Llabilities a. b. C. d. e