The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: a. Repurchased and cancelled $5.0 million common shares. b. Declared and paid cash dividends in the amount of $263.0 million c. Issued 100 percent common stock dividend involving 232.0 million additional shares with a total par value of $581.0 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 Shareholders Equity b-1. Declaration 5-2 Payment 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 Journal entry worksheet Repurchased and cancelled $5 million common shares Tite: Enter debits before credits Transaction General Journal Debit Credit 8