Indicate by letter whether each of the transactions listed below increases (I, decreases (D), or has no effect (N) on retained earnings Assume the shareholders' equity of the transacting company includes only common stock, paid-in capital-excess of par, and retained earnings at the time of each transaction. (Some transactions have two possible answers. Choose the best choice from the drop down mervu. 12 Sale of common slock 2 Purchase of treasury stock at a cost less than the original ssue price 3. Purchase of treasury stock at a cont greater than the original ssue price of a property dividend Sale of treasury sock for mone than cost 6Sale of beury stock for less thin cost T.Net income for heyear Payment of s previounly dediared cash dividend conveible bonds for 11.. Declarin rd dtrbton of a 5% stock dvdnd 3Retirement of common stock at a cost greater than the 30 Indicate by letter whether each of the transactions listed below increases (I, decreases (D), or has no effect (N) on retained earnings Assume the shareholders' equity of the transacting company includes only common stock, paid-in capital-excess of par, and retained earnings at the time of each transaction. (Some transactions have two possible answers. Choose the best choice from the drop down mervu. 12 Sale of common slock 2 Purchase of treasury stock at a cost less than the original ssue price 3. Purchase of treasury stock at a cont greater than the original ssue price of a property dividend Sale of treasury sock for mone than cost 6Sale of beury stock for less thin cost T.Net income for heyear Payment of s previounly dediared cash dividend conveible bonds for 11.. Declarin rd dtrbton of a 5% stock dvdnd 3Retirement of common stock at a cost greater than the 30