2. Select whether each of the following transactions increases ( + ) or decreases ( - ) total assets, total liabilities, and total stockholders' equity. (If none of the categories apply for a particular item, leave the cell blank.) Transaction Total Assets Total Total Liabilities Stockholders' Equity Issue common stock Issue preferred stock Declare cash dividends Pay cash dividends Purchase treasury stock Reissue treasury stock Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2018, 100 shares of preferred stock and 1,200 shares of common stock have been issued. The following transactions affect stockholders' equity during 2018: March 1 Issue 1,200 additional shares of common stock for $12 per share. April 1 Issue 200 additional shares of preferred stock for $22 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.35 per share to all stockholders of record on June 15. June 30 Pay the cash dividends declared on June 1. August 1 Purchase 200 shares of common treasury stock for $9 per share. October 1 Relssue 100 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, 2018: Preferred Stock, $1,000: Common Stock, $1,200; Additional Pald-in Capital, $17,700; and Retained Earnings, $9,700. Net Income for the year ended December 31, 2018, Is $6,750. Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Record the issue of additional common stock. Note: Enter debits before credits. Date General Journal Debit Credit March 01, 2018 Record entry Clear entry View general journal