Indicate the effect of each of the following transactions on total shareholders’ equity.

Decrease in total shareholders equity 

Increase shareholders equity 

Does not change total shareholders equity 

[ Select ]                          ["Decrease in total shareholders' equity", "Increase in total shareholders' equity", "Does not change total shareholders' equity"]	a. Treasury stock is resold at more than cost
[ Select ]                          ["Decrease in total shareholders' equity", "Increase in total shareholders' equity", "Does not change total shareholders' equity"]	b. Operating loss for the period
[ Select ]                          ["Decrease in total shareholders' equity", "Increase in total shareholders' equity", "Does not change total shareholders' equity"]	c. Declaration of a stock dividend
[ Select ]                          ["Decrease in total shareholders' equity", "Increase in total shareholders' equity", "Does not change total shareholders' equity"]	d. Acquisition of machinery for common stock
[ Select ]                          ["Decrease in total shareholders' equity", "Increase in total shareholders' equity", "Does not change total shareholders' equity"]	e. Declaration of cash dividend
[ Select ]                          ["Decrease in total shareholders' equity", "Increase in total shareholders' equity", "Does not change total shareholders' equity"]	f. Payment of cash dividend previously recorded