With the following independent situations determine whether it increases (I), decreases (D) or has no effect (N) on the total balance of shareholders equity.

_____A. On January 15, Year 3, Company A declares and distributed a 15 stock dividend on shares of common stock outstanding. On that date, the market value was $20 per share, and 100,000 shares of $5 par common stock were outstanding.

_____B. On April 1, Year 3, Company A declared and distributed a property dividend. On that date, the fair value of the property exceeded its carrying amount by $50,000.

_____C. Company A reported a net profit of $90,000 for the year ended December 31, Year 3.

_____D. On May 1, Year 3 Company A acquired 50,000 shares of its own $5 par common stock at the market price of $25 per share. Company A uses the cost method of accounting for treasury stock.

_____E. On October 12, Year 3, the shareholders exercised 10,000 shares of their convertible preferred stock. These $10 par-value, 8% convertible preferred shares had been issued by Company A on January 1, Year 1, for $30 per share. Each preferred share can be converted into one share of $5 par common stock.

_____F. On June 1, Year 3, Company A reissued 3,000 shares of its $5 par common stock for $27 per share. These shares had been acquired by Company A during year 2 for $15 per share. Company A uses the cost method of accounting for treasury stock.

_____G. On March 1, Year 3 Company A declared a 2-for-1 common stock split. On that date, the market value was $22 per share, and 115,000 shares of $5 par common stock were outstanding. _____H. On October 1, Year 3 Company A retires 5,000 of its outstanding shares of common stock.

_____I. On December 1, Year 3 Company A Distributes a dividend of $1,200,000. Only $900,000 is in retained earnings to distribute as a cash dividend.