Required information [The following information applles to the questions displayed below] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity. a. Purchased $350.000 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,000 c. Paid the dividends in (b) d. issued 100,000 new shares of $010 par value common shares for $2 per share. e. Closed the Dimdends account. iequired: Indicate the effect (- for increase, - for decrease, -1 - for increase/decrease) of each of these transactions on total assets, liabilites, and stockholders' equity, (teave cell blank if there ts no effect) Required information [The following information applies to the questions displayed below] The annual report for Malibu Beachwear reported the following transactions affecting stockholder' equity a. Purchased $350,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $260.000 c. Pald the dividends in (b). d. issued 100,000 new shares of $010 par value common shares for $2 per shate. 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.) Journal entry worksheet 345 Record the purchase of $350,000 common stock now held in treasury. Required information [The following information applles to the questions displayed below] The annual report for Malibu Beachwear reported the following transactions affectung stockholders' equity: a. Purchased $350,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,000 c. Paid the dividends in (b). d. issued 100.000 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 curtern year was $270,000