Use I = Increase, D = Decrease, or N = No effect, to indicate the effect on retained earnings foreach of the listed transactions.

____ Declaration of a property dividend.

____ Net income for the year.

____ Purchase of treasury stock at a cost greater than the original issue price.

____ Purchase of treasury stock at a cost less than the original issue price.

____ Issue common stock.

____ Resale of treasury stock for less than cost, assuming no previous treasury stock sales

____ Resale of treasury stock for more than cost.