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

a.

Purchased $350,100 of common stock now held in treasury.

b.

Declared cash dividends in the amount of $260,050.

c.

Paid the dividends in (b).

d.

Issued 101,000 new shares of $0.10 par value common shares for $2 per share.

e.

Closed the Dividends account.

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.)

Assets LiabilitiesStockholders Equity a. b. C. d