Required information [The following information applies to the questions displayed below] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity. a Purchased $352,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $261,000 c. Paid the dividends in (b). d. Issued 120,000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Net income for the current year was $290,000. Common Stock Additional Paid- Beginning Stock Issuances $ 13,500 $ In Capital 200,000 $ Retained Earnings 152,000 $ Treasury Stock 352.000 Net Income 290,000 Dividends: Common $ 13,500 $ 200,000 $ 442,000 $ 352,000 Ending 4 Required information [The following information applies to the questions displayed below] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a Purchased $352,000 of common stock now held in treasury b. Declared cash dividends in the amount of $261,000. c Paid the dividends in (b) d. Issued 120,000 new shares of $0.10 par value common shares for $2 per share e Closed the Dividends account Required: 1. Indicate the effect (for increase. - for decrease, +/- for increase/decrease) of each of these transactions on total assets, liabilities. and stockholders equity (Leave cell blank if there is no effect.) Assets Liabilities Stockholders' Equity a b. c d