SAY. Write your answer in the space provided or on a separate sheet of paper. 23) Use I= Increase, D= Decrease, or N= No effect, to indicate the effect on retained earnings for each of the listed transactions. A net loss for the year. A stock split effected in the form of a stock dividend. A stock split in which the par per share is reduced (but not effected in the form of a stock dividend). Declaration of a 5% stock dividend. Declaration of a cash dividend. Issue stock for noncash assets. Payment of previously declared cash dividend. Retirement of common stock at a cost greater than the original issue price. Retirement of common stock at a cost less than the original issue price. Resale of treasury stock for less than book value assuming no previous treasury stock sales