Please complete all 3 parts

Requlred Informetion [The following information applies to the questions displayed below] The annual report for Malibu Beachwear reported the following transactons affecting stockholders' equity: a. Purchased $350,700 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,350 c. Paid the dividends in (6). d. Issued 107,000 new shares of $0,10 par value common shares for $2 per share e Closed the Dividends account. equired: Indicate the effect (+ for increase, - for decrease, + - for increaseidecrease) of each of these transactions on totgi assets, lilabiities, and stockholders' equity. (Leave cell blank if there is no effect.) 2. Prepare journal entries to record each of these events. (If no entry is requlred for a transactlon/event, select "No Journal Entry Required" in the first occount fleld.) Journal entry worksheet 4 Record the purchase of $350,700 common stock now held in treasury. Notei Enter debits betone codits." 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Net income for the current year was $277,000