both the same question

Required informetion The following information applies to the questions displayed below) Tennis Apparel thas two classes of stock authorized: 6%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 110,60 shares of comson stock for $64 per share. february 14 issoe 54,000 shares of preferred stock for $12 per share. Ney31 Resell' 5,560 shares of treasury stock for $59 per share. Decencer 1 Declare, a cash dividend on its comon stock of 30,70 per share and a $32,400 (65 of par value) cash dividend on its preferred stock payable to all stockholders of record on Decenber 15 . The dividend is payable on Dicenber 30 . (tiint: Dividends are not paid on treasury stock.) Decreber 30 pay the cash dividends declared on Deceaber 1. 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2024. Net income for the year was $484,000 (Amounts to be deducted should be indicated by a minus sign.) Required informetion The fockowng information applies to the questions displayed below] Ternis Apparel has two classes of stock authorzed: 6%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 fssue 110,000 mares of comon stock for $64 per share. febrory is issie 54,60 shares of preferred stock for $12 per share. May a- Purchase 11 , ewe shares of its ant comon stock for $54 per share. hay in Aisell 5,500 thaces of treatury stock for $s per share: Deceaber 1 Declare; cash dividend on its comon stock of se.70 per share and a $32,400 ( 6. of par value) cash dividend on its preferred stock payable to all stocknolders of record on Decenber 15 . The dividend is payable on ofceaber se. (Mint: Dividends are not paid on treasury stock.) December se Pay the cash dividends declared on December 1. 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2024 . Net income for the year was $484,000. (Amounts to be deducted should be indicated by a minus sign.)