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Donnie Hilfiger has two classes of stock authorized: $ 1 par preferred and $ 0 . 0 1 par value common. As of the beginning

Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2015,300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders equity during 2015: March 1- Issues 1,100 shares of common stock for $42 per share. May 15-Repurchases 400 shares of treasury stock for $35 per share. July 10- Reissues 200 shares of treasury stock purchased on May 15 for $40 per share. October 15-Issues 200 shares of preferred stock for $45 per share. December 1 Declares a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15.( Hint: Dividends are not paid on treasury stock.) December 31- Pays the cash dividends declared on December 1. indicate whether each of these transactions would increase, decrease, have no effect, on total assets, total liability, and stockholders equity by completeing the following chart

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