aids

Required information [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 2024. 125 shares of preferred stock and 3,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 3,000 additional shares of conon stock for $10 per share: April 1 Issue 175 additional shares of preferred stock for \$40 per share. June 1 Declare a cash dtvidend on both ecmon and preferred stock of 50.25 per share to all stockholders of record on June 15 . Junn 3e. Pay the cash dividends declared on Jupe 1. August 1 Purchase 175 shares of connon treasury stock for $7 per share. October 1 Resell 125 shares of treasury stock purchased on August 1 - for $9 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock. \$1,250; Common Stock, \$3,000: Additional Paid-in Capital, \$19,500; and Retained Eamings, \$11,500. Net income for the year ended December 31,2024 , is $7,650. Taking into consideration the begining bafances on January 1, 2024 and all the transactions during 2024, respond to the following for Nautical: 7. Prepare the stocknoigers equity section or the Daiance sneet as or vecember 31,U4. (Amounts to de deauctea snoula indicated by a minus sign.) 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)