The annual report for Malibu Beachwear reported the following transactions affecting stockholders equity:

a.	Purchased $351,300 of common stock now held in treasury.
b.	Declared cash dividends in the amount of $260,650.
c.	Paid the dividends in (b).
d.	Issued 113,000 new shares of $0.10 par value common shares for $2 per share.
e.	Closed the Dividends account. 1. Indicate the effect (+ for increase, for decrease, +/ for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders equity. 2. Prepare journal entries to record each of these events. 3. Prepare a statement of stockholders equity, assuming the following opening balances.