IA. EQUITY - Indicate by letter whether each of the below transactions increases (I), decreases (D), or has no effect (N) on total retained earnings.

1. Sale of common stock. ___

2. Purchase of treasury stock at a cost less than

its original issue price. ___

3. Sale of treasury stock for more than cost. ___

4. Declaration of a cash dividend. ___

5. Declaration and distribution of a 5%

Stock dividend. ___

6. Payment of a previously declared cash.

dividend. ___

7. A stock split. ___

8. A net loss for the year. ___