The following information was taken from the 2012 statement of shareholders' equity of The Home Depot (dollars in millions): Common StockAdditional Paid-In CapitalRetained EarningsTreasury StockBeginning balance$87$6,966$17,246($6,964)Net income4,535Shares issued under employee stock plans, stock options, other1678Repurchase of common stock300(4,000)Cash dividends(1,743)a. What portion of net income was paid out in dividends during the year?b. Explain how the issuance of shares affected the basic accounting equation.c. Explain how the purchase of treasury stock affected the basic accounting equation.d. How much cash was distributed to the company's shareholders during the year?e. What was the balance sheet value of the retained earnings account at the end of the year?