On December 31, 2024, Heathers Corporation reported the following information in its balance sheet: Common stock, $5 par value, 250,000 shares issued and outstanding. During 2025, the following equity transactions occurred: treasury. April 1 Issued 400,000 shares of common stock at $40 per share. May 1 Declared and issued a 10 percent stock dividend September 1 Declared and issued a 3 for 1 stock split October 1 Purchased 50,000 shares of common stock and placed them in the What impact will the May 1 transaction have on assets, liabilities, and stockholders' equity? Increase assets, no effect on liabilities, increase stockholders' equity. Decrease assets, decrease liabilities, decrease stockholders' equity. Decrease assets, no effect on liabilities, decrease stockholders' equity. No effect on assets, no effect on liabilities, no effect on stockholders' equity.