For Each of the Following Events:
(1) State Whether the Event

For each of the following events:
(1) State whether the event increases (INC) or decreases (DEC) retained earnings. If the event does not affect retained earnings, state NE for no effect.
(2) State which equity account is affected.
$$\begin{array} { | l | l | } \hline \text { Event } & \text { 1. Retained earnings:INC, DEC, NE } \\& \text { 2. Which equity account is affected? } \\\hline \text { Distribution of a corporation's earnings } & \\\text { to stockholders } & \\\hline \text { Creditor loaned money to the business } & \\\hline \text { Costs of selling goods or services } & \\\hline\end{array}$$