Indicate the effect that each transaction has on the Retained Earnings account. Choose one of the options for each transaction: Increase the account balance (Increase), Decrease the account balance (Decrease) or Have no effect on the account (No effect).

Declaration of a property dividend.

A net loss for the year.

Net income for the year.

Payment of previously declared cash dividend.

Resale of treasury stock for less than cost assuming no previous balance on paid in capital-share repurchase.