For each drop down the options are

decrease

increase

no effect

Stellar Company provides you with the following condensed balance sheet information. For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent) (a) Stellar declares and pays a $0.25 per share cash dividend. b) Stellar declares and issues a 15% stock dividend when the market price of the stork is $8 ner chare. (c) Stellar declares and issues a 40% stock dividend when the market price of the stock is $7 per share. (1) Total assets (2) Commonstock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (d) Stellar declares and distributes a property dividend. Stellar gives one share of Liquid Co. stock for every four shares of Stellar Company stock held. Liquid Co. is selling for $3.50 per share on the date the property dividend is declared. (e) Stellar declares a 1-for-2 reverse stock split and issues new shares