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Required information [The following informotion applies to the questions displayed below] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,340 shares of preferred stock and 4,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Kareh 1 Isnue 1,500 shares of cooson stoek for $46 per share. May 15 Purchase 440 sharen of treasury stook tor 939 per share. July 10 hesel1 240 mhares of treasury ttook purehased on hay 15 for $44 per share. Oetober is tasue 240 uhares of proferred atoek for 549 per share. Decenber 1 Declare a canh dividend on both common and preferred stock of 90,90 per ahare to a11 atookholdora of record on Decesber 15. (Hint, Dividends are not paid on treasury atoek.) Decenber 31 pay the canh dividends declared on Decenter 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $340; Common Stock, \$44; Additional Paid-in Cepital, $78,000; and Retained Earnings, $31,300. Net income for the year ended December 31,2024 , is $11,600. tequired: Record each of these transactions, (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in he first account field.) Required information [The following informotion applies to the questions displayed below] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,340 shares of preferred stock and 4,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Kareh 1 Isnue 1,500 shares of cooson stoek for $46 per share. May 15 Purchase 440 sharen of treasury stook tor 939 per share. July 10 hesel1 240 mhares of treasury ttook purehased on hay 15 for $44 per share. Oetober is tasue 240 uhares of proferred atoek for 549 per share. Decenber 1 Declare a canh dividend on both common and preferred stock of 90,90 per ahare to a11 atookholdora of record on Decesber 15. (Hint, Dividends are not paid on treasury atoek.) Decenber 31 pay the canh dividends declared on Decenter 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $340; Common Stock, \$44; Additional Paid-in Cepital, $78,000; and Retained Earnings, $31,300. Net income for the year ended December 31,2024 , is $11,600. tequired: Record each of these transactions, (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in he first account field.)