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 $350,600 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,300. c. Paid the dividends in (b) d. Issued 106,000 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.) Next Assets Liabilities Stockholders Equity b. C. d. le 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 $350,600 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,300. C. Paid the dividends in (b), d. Issued 106,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record the purchase of $350,600 common stock now held in treasury. 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 $350,600 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,300. c. Paid the dividends in (b) d. Issued 106,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. Prepare a statement of stockholders' equity, assuming the following opening balances. Retained Common Stock Paid-In Capital Treasury Stock eginning 12,800 193,000$ 150,600 $ 0 Stock Issuances Net Income Dividends: Common 276,000 Ending