QUESTION 49 Indicate the effect of the following event on the company's accounting equation. For each account title affected indicate the specific account name, dollar change, and whether it increased or decreased. Show the correct effect in the Stockholders' Equity column so the Balance Sheet balances. Declared a $8/shr. Cash Dividend on the 1,000 shrs. of Pref. Sk. and $10/shr. On 10,000 shrs. of common stock. Decrease the liability dividends payable and Increase the stockholders' equity retained earnings $108,000 Decrease the asset cash and the stockholders' equity retained earnings $108,000 Increase the liability dividends payable and decrease the stockholders' equity retained earnings $100,000 Increase the liability dividends payable and decrease the stockholders' equity retained earnings $108,000