Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par Value co 2024, 300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 May 15 July 10. October 15 December 1 Issue 1,100 shares of common stock for $42 per share. Purchase 400 shares of treasury stock for $35 per share. Resell 200 shares of treasury stock purchased on May 15 for $40 per share. Issue 200 shares of preferred stock for $45 per share. Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $300; Common Stock, $40; Additional Paid-in Capital, $76,000; and Retained Earnings, $30,500. Net income for the year ended December 31, 2024, is $10,800.

Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $024,300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: Mareh 1 issue 1,100 mhares of comton stoek tor $42 per share. May 15 Parchase 400 sharen of treasury stock for $35 per share. July 10 Resel1 200 shares of treasury stock purchaned on May 15 for $40 per share. october 15 issue 200 shares of preferred stock for $45 per share. December 1 beelare a cash dividend on both cotron and preferred stock of $0.50 per bhare to all stockholdert of record on December 15. (Hint Dividendn are not paid on treasury stock.) December-31-pay the cash dividende deolared on becesber 1. Donnie Hiffiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$300; Common Stock, \$40; Additional Paid-in Capital, \$76,000; and Retained Earnings, \$30,500. Net income for the year ended December 31,2024 , is $10,800. Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $024,300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: Mareh 1 issue 1,100 mhares of comton stoek tor $42 per share. May 15 Parchase 400 sharen of treasury stock for $35 per share. July 10 Resel1 200 shares of treasury stock purchaned on May 15 for $40 per share. october 15 issue 200 shares of preferred stock for $45 per share. December 1 beelare a cash dividend on both cotron and preferred stock of $0.50 per bhare to all stockholdert of record on December 15. (Hint Dividendn are not paid on treasury stock.) December-31-pay the cash dividende deolared on becesber 1. Donnie Hiffiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$300; Common Stock, \$40; Additional Paid-in Capital, \$76,000; and Retained Earnings, \$30,500. Net income for the year ended December 31,2024 , is $10,800