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Livingstone Corporation is considering various transactions that may or may not affect TOTAL Stockholders' Equity of the corporation. Listed below are five potential transactions. For

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Livingstone Corporation is considering various transactions that may or may not affect TOTAL Stockholders' Equity of the corporation. Listed below are five potential transactions. For each, indicate whether the transaction would increase, decrease, or have no effect on TOTAL Stockholders' Equity. Also, provide a brief explanation for each choice. (In the answer space, put the number, state "increase", "decrease", or "no effect" and then your brief explanation.) 1. Treasury stock is resold (reissued) at more per share than what it cost Livingstone. 2. Acquired equipment with an unknown fair value for 500 shares of Livingstone's $1 par value common stock that currently has a market price of $8 per share. 3. Livingstone declares a total cash dividend of $200,000. 4. Livingstone's preferred shareholders converted 1,000 shares of preferred stock into 10,000 shares of common stock

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