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 $350,700 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,350. c. Paid the dividends in (b). d. Issued 107,000 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.) Answer is complete but not entirely correct