D E F 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. 5 6 Carrying values ($) Transaction Total Assets Common Shares Retained Earnings 7 Total Shareholders' Equity (1). XYZ Co. has a very prosperous year and reports 9 a net income of $1 Million. 10 (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. 12 (3). A company declares and issues a 5% stock dividend at their fair value when the shares' 13 market price is $8.00 per share. 14 (4). The company declares a 5-for-1 stock split and 15 issues new shares. 16 = 6 Cover Sheet 01 OP