Sumpkin Accounting Corp. began the year with 1,000,000 authorized and 223,000 issued and outstanding. $10 par common shares. During the year, Pumpkir antered into the following trangactions: a. Declared a $0.40 per-share cash dividend on March 10. b. Pald the $0.40 perishare dividend on April 10. c. Repurchased 8,000 common shares at a cost of $24 each on May 2 . d. Sold 3,000 unissued cornmon shares for $26 per share on June 9. e. Declared a 50.55 per-share cash dlvidend on August 10 . f. Paid the $0.55 per-share dividend on September 10 . 9. Declared and paid a 10% stock dividend on October 15 when the market price of the common stock was $28 per share. h. Declared a 50.60 per-share cash dividend on November 10 . 1. Paid the 50.60 per-share dividend on December 10 . d. June 9 Cash v Common Stock Additional Paid-In Capital-Common Stock e. Aug. 10 Dividends Declared v Dividends Payable f. Sept, 10 Dividends Payable XX X X g. Oct, 15 Accounts Receivable x Common Stock Additional Paid-In Capital-Common Stock h. Nov. 10 Accounts Receivable Dividends Payable 1. Dec. 10 Dividends Payable 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions. Note the following: 1. If applicable, select the dividend transaction effect (e.g. "Affects assets", "Affects stockholders' equity", "No effect" or "N 2. Enter decreases in assets or equity as negative numbers. 3. If a cell does not require an answer, leave it blank