Identify the effects--both the direction and the dollar amount-of the following assumed transactions on the total shareholders' equity of a large corporation. Each transaction is independent.

a. Declaration of cash dividends of \(\$ 80\) million

b. Payment of the cash dividend declared

c. \(10 \%\) stock dividend. Before the dividend, 69 million common shares were outstanding; the market price was \(\$ 7.625\) at the time of the dividend.

d. A \(50 \%\) stock dividend. Before the dividend, 69 million common shares were outstanding; the market price was \(\$ 13.75\) at the time of the dividend.

e. Sale of 600 common shares for \(\$ 5.00\) per share

f. A 3-for-1 stock split, Prior to the split, 69 million common shares were outstanding.