12 Required Information Problem 10-58 Understand stockholders' equity and the statement of stockholders' equity (L010-7) [The following information applies to the questions displayed below) Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021. 150 shares of preferred stock and 2.800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 2,300 additional shares of common stock for $12 per share. April 1 Issue 15e additional shares of preferred stock for $58 per share. une 1 declare a cash dividend on both common and preferred stock of 10.35 per share to all stockholders of record June 30 Pay the cash dividends declared on June 1. August 1 Purchase 250 shares of common treasury stock for $0 per share. October 1 Resell 150 shares of treasury stock purchased on August 1 for $11 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021 Preferred Stock $1,500; Common Stock. $2,800: Additional Paid-in Capital. S19,300, and retained Earnings. $11.300, Net Income for the year ended December 31, 2021. is $7.550. Taking into consideration the beginning balances on January 1 2021 and all the transactions during 2021, respond to the following for Nautical on June 15. OK + nces Problem 10-5B Part 2 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021 (Amounts to be deducted should be Indicated by a minus slgn.) NAUTICAL Statement of stockholders' Equity For the Year Ended December 31, 2021 Preferred Additional Retained Common Stock Stock Paid in Capital Earnings $ 1,500 2.800 5 19.300 11,300 2.600 Treasury Stock Total Stockholders Equity ors 34.900 $ Balance January 1 Issue common stock Issue preferred stock Declare cash dividends Purchase treasury stock Resell treasury stock Net income Balance, December 31 $ 1.500 5 34.000 19.300 5 5.000 11.300 3 $