The following are selected transactions that may affect stockholders’ equity.1. Recorded accrued interest earned on a note receivable.2. Declared a cash dividend.3. Declared and distributed a stock split.4. Approved a retained earnings restriction.5. Recorded the expiration of insurance coverage that was previously recorded as prepaid insurance.6. Paid the cash dividend declared in item 2 above.7. Recorded accrued interest expense on a note payable.8. Declared a stock dividend.9. Distributed the stock dividend declared in item 8.In the following table, indicate the effect each of the nine transactions has on the financial statement elements listed. Item Assets Liabilities Stockholders’ Equity Paid-in Capital Retained Earnings Net Income1. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect2. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect3. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect4. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect5. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect6. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect7. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect8. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect9. The following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effectThe following are selected transactions that may a DecreaseIncreaseNo effect