The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,500 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,250. c. Paid the dividends in (b). d. Issued 105,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. E11-9 Part 1 Required: 1. Indicate the effect (+ for increase, - for decrease, +/- for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders' equity. (Leave cell blank if there is no effect.) Answer is complete but not entirely correct. Assets Liabilities Stockholders' Equity soo +/- X 2. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Common Stock Additional Paid- In Capital Retained Earnings $ 150,500 Treasury Stock $ $ 12,750 $ 192,500 Beginning Stock Issuances Net Income 275,000 Dividends: Common Ending