The $12/31/2018$ balance sheet of Despot Inc. Included the following:

Common stock, $25$ million shares at $$20$ par

Pald$-$In capltal$-$excess of par

$$500$ million

Retalned earnings

$3,000$ million

$980$ million

In January $2018,$ Despot recorded a transaction with this Journal entry:

Cash

$150$ millon

Common stock

Pald$-$In capltal$-$excess of par

$100$ million

$50$ million

In February $2018.$ Despot declared cash dividends of $$12$ million to be pald In April of that year. What effect did the February transaction have on Despot's accounts?

Multiple Cholce

Decreased assets and liabilitles.

Increased liabilities and decreased shareholders' equity.

None of these answer cholces are correct

Decreased assets and shareholders' equity.