P10-81A. (Learning Objectives 3, 4: Measuring the effects of dividend and treasury share transactions on a company) Assume Dessert Destination of Montana, Inc., completed the following transactions during 20X6, the companys fifth year of operations: Feb. 3 Issued 15,000 ordinary shares ($1.00 par) for cash of $445,000. Mar. 19 Purchased 2,600 shares of the companys own ordinary share at $25 per share. Apr. 24 Sold 1,300 shares of treasury shareordinary for $33 per share. Aug. 15 Declared a cash dividend on the 18,500 shares of $0.40 no-par preference shares. Sept. 1 Paid the cash dividends. Nov. 22 Distributed an 8% share dividend on the 92,000 shares of $1.00 par ordinary share outstanding. The market value of the ordinary share was $27 per share. Requirement 1. Analyze each transaction in terms of its effect on the accounting equation of Dessert Destination of Montana, Inc.