Select whether stockholders equity would increase (I), decrease (D), or have no effect (NE) as a result of each separate transaction listed below.

QS 11-16 Impacts of stock issuances, dividends, splits, and treasury transactions LO P2, P3 Select whether stockholders' equity would increase (I), decrease (D), or have no effect (NE) as a result of each separate transaction listed below. Equity List 1. A stock dividend equal to 30% of the previously outstanding shares is declared. 2. New shares of common stock are issued for cash. 3. Treasury shares of common stock are purchased. 4 Cash dividends are paid to shareholders. Decrease Increase No effect