Lakeside Properties,Inc

Lakeside Properties,Inc.had 50,000 shares of 5%,$20 par preferred stock and 400,000 shares of $8 par common stock issued and outstanding at the beginning of 2015.Indicate the effect each of the following items has directly on retained earnings by writing the amount in the space provided.Use a plus sign (+)in front of the amount to indicate increases in retained earnings,and use parentheses ( )around the amount to indicate decreases in retained earnings.If the transaction results in no direct change in retained earnings,place N/A in the space.
$\begin{array}{|l|l|l|}\hline A)&\quad \quad \quad \quad \quad &\text { Issued a 2-for-1 preferred stock split when the market price of } \\\hline &&\text { the preferred stock was \$ 44 per share. } \\\hline\\\hline B)& &\text { Earned net income in the amount of \$ 650,000 for 2015} \\\hline &&\text { } \\\hline C)& &\text { Declared and paid the anual stated cash dividend to its preferred } \\\hline &&\text { stockholders. } \\\hline\\\hline D)& &\text { Declared and paid a 10 \% common stock dividend when the market } \\\hline &&\text { price of the common stock was \$ 11 per share. } \\\hline\end{array}$