At December 31, 2010, the Book Value Per Share of Common

At December 31, 2010, the book value per share of common stock of Big Time Corporation amounted to $21 per share. Determine the effect of each of the following items on the book value per share of common stock computation assuming each item occurs after December 31, 2010. Consider each item independently of the other items listed. Indicate your answer for each (I = increase, D = decrease, or NE = no effect) in the appropriate blank.
_____ 1. Sale of newly issued shares of common stock at $23 per share
_____ 2. Purchase of treasury stock for $16 per share
_____ 3. Declaration of current cash dividends on preferred stock
_____ 4. Declaration and distribution of stock dividends on common stock
_____ 5. Sale of treasury stock (purchased at $16 per share) for $19 per share
_____ 6. Entry to close net income for the period to the Retained Earnings account
_____ 7. Dividends in arrears on preferred stock
_____ 8. Purchase of a truck with cash
_____ 9. Payment of a previously declared and recorded cash dividend on common stock