Consider the following assumed transactions of Niles Corporation. i (Click the icon to view the transactions) Requirement 1. Identify the effects-both the direction and the dollar amount of these transactions on the total stockholders' equity of Niles Corporation. Each transaction is independent. (Enter amounts in dollars. For example, enter 10 million as 10,000,000. For transactions that have no effect on total stockholders' equity, enter a "O" in the Amount column.) a. Declaration of cash dividends of $85 million. b. Payment of the cash dividend in (a). c. A 5% stock dividend. Before the dividend, 68 million shares of $1.00 par common stock were outstanding; the market value was $13.87 at the time of the dividend. d. A 25% stock dividend. Before the dividend, 68 million shares of $1.00 par common stock were outstanding; the market value was $17.25 at the time of the dividend. e. Purchase of 1,600 shares of treasury stock (par value $1.00) at $16.25 per share. f. Sale of 800 shares of the treasury stock for $18.00 per share. Cost of the treasury stock was $16.25 per share. g. A 3-for-1 stock split. Prior to the split, 68 million shares of $1.00 par common stock were outstanding. More info Effect on total stockholders' equity Amount Effect on total stockholders' equity Amount a. Declaration of cash dividends of $85 million. b. Payment of the cash dividend in (a). c. A5% stock dividend. Before the dividend, 68 million shares of $1.00 par common stock were outstanding; the market value was $13.87 at the time of the dividend. d. A 25% stock dividend. Before the dividend, 68 million shares of $1.00 par common stock were outstanding; the market value was $17.25 at the time of the dividend. e. Purchase of 1,600 shares of treasury stock (par value $1.00) at $16.25 per share f. Sale of 800 shares of the treasury stock for $18.00 per share. Cost of the treasury stock was $16.25 per share. g. A 3-for-1 stock split. Prior to the split, 68 million shares of $1.00 par common stock were outstanding. Print Done