Setup: The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a) Issued 115,000 shares of $0.10 par value common shares for $2.00 per share. b) Declared cash dividends in the amount of $260,750. c) Paid the dividends declared in entry "b" above. d) Closed out the "Dividends" account at year-end. Required: Indicate the effect (increase, decrease, or increase/decrease) of each of these transactions on total assets, liabilities, and stockholders' equity. (Leave cell blank if there is no effect.) Assets Increase Liabilities N/A Equity Increase a) b) c) d) 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.) Reference Account Description a) Debit Credit b) c) d)