The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: a. Repurchased and cancelled $4.0 million common shares. b. Declared and paid cash dividends in the amount of $265.0 million. c. Issued 100 percent common stock dividend involving 234.0 million additional shares with a total par value of $587.0 million. Required: 1. Indicate the effect (increase with '+', decrease with '-', and increases and decrease within the accounting heads with '+/-) of each of these transactions on total assets, liabilities, and shareholders' equity. Transaction Assets Liabilities a. b-1. Declaration b-2. Payment C. Shareholders Equity 2. Prepare journal entries to record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollar not in millions) View transaction list 1 Repurchased and cancelled $4 million. common shares. 2 Record the declaration of Dividend of 265 million. 3 Record the payment of cash dividends of 265 million. 4 Issued 100 percent common stock dividend involving 234 million additional shares with a total par value of $587 million. Note: journal entry has been entered Record entry Clear entry ares. Credit View general journal >