AIndicate on the Blanks Below the Effect (I = Increase,D

Essay

a.Indicate on the blanks below the effect (I = increase,D = decrease,NE = no effect)of the entry to record the declaration of a common stock dividend on each of the items listed.
b.Indicate on the blanks below the effect (I = increase,D = decrease,NE = no effect)of the entry to record the distribution of a (previously declared and recorded)common stock dividend on each of the items listed.
$\begin{array}{|l|l|l|}\hline &\text { a. } &\text { b. } \\\hline \text { 1. Assets } & & \\\hline \text { 2. Balance of Common Stock account } & & \\\hline \text { 3. Total contributed capital } & & \\\hline \text { 4. Total retained earnings } & & \\\hline \text { 5. Total stockholders' equity } & & \\\hline \text { 6. Par value per share } & & \\\hline \text { 7. Total number of shares outstanding } & & \\\hline \end{array}$