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 $256.0 million. c. Issued 100 percent common stock dividend involving 225.0 million additional shares with a total par value of $560.0 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. Prepare journal entries to record each of these transactions. (If no entry is required for a transaction/event, select "No journal intry required" in the first account field. Enter your answers in dollar not in millions) Journal entry worksheet 4 Repurchased and cancelled $4 million common shares. Note: Enter debits before credits. 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) Journal entry worksheet Record the declaration of Dividend of 256 million. Note: Enter debits before credits. 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) Journal entry worksheet Record the payment of cash dividends of 256 million. Note: Enter debits before credits. 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) Journal entry worksheet 1 3 Issued 100 percent common stock dividend involving 225 million additional shares with a total par value of $560 million. Note: Enter debits before credits. 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 $256.0 million. c. Issued 100 percent common stock dividend involving 225.0 million additional shares with a total par value of $560.0 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. Prepare journal entries to record each of these transactions. (If no entry is required for a transaction/event, select "No journal intry required" in the first account field. Enter your answers in dollar not in millions) Journal entry worksheet 4 Repurchased and cancelled $4 million common shares. Note: Enter debits before credits. 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) Journal entry worksheet Record the declaration of Dividend of 256 million. Note: Enter debits before credits. 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) Journal entry worksheet Record the payment of cash dividends of 256 million. Note: Enter debits before credits. 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) Journal entry worksheet 1 3 Issued 100 percent common stock dividend involving 225 million additional shares with a total par value of $560 million. Note: Enter debits before credits