The annual report for Malibu Beachwear reported the following transactions affecting stockholders’ equity: Purchased $351,300 of common stock now held in treasury. Declared cash dividends in the...

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

1. Purchased $351,300 of common stock now held in treasury.


2. Declared cash dividends in the amount of $260,650.


3. Paid the dividends in (b).


4. Issued 113,000 new shares of $0.10 par value common shares for $2 per share.


5. Closed the Dividends account.

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.)