3 4 The following table lists four selected transactions. Each transaction is INDEPENDENTI REQUIRED: For each transaction, indicate the impact on the CARRYING VALUE (S) of the following four Items: (1) total assets, (2) common shares, (3) retained earnings, and (4) total shareholders' equity. Only the blue cells need to be completed. Use the drop-down boxes to help state your answer. If there is no effect, make sure you select so. Carrying values (5) Common Retained Transaction Total Assets Shareholders Shares Earnings Equity Total (1). XYZ Co. has a very prosperous year and reports a net income of $1 Million. 2). On December 12, the company declares a $1.50 cash dividend to its common shareholders. The dividend will be paid on or about January 15 of (2). On December 12, the company declares a $1.50 cash dividend to its common shareholders. The dividend will be paid on or about January 15 of the following year, (3). A company declares and issues a 5% stock dividend at their fair value when the shares market price is $8.00 per share. 14). The company declares a 5-for-1 stock split and issues new shares