Listed below are events that affect stockholders' equity.

a. Reported net income of $85,000.

b. Paid a cash dividend of $10,000.

c. Reported sales revenue of $120,000.

d. Issued common stock of $50,000.

e. Reported a net loss of $20,000.

f. Reported expenses of $35,000.

Required:

For each of the events, indicate whether it increases retained earnings (I), decreases retained earnings (D), or has no effect on retained earnings (NE).