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Donnie Hitfiger has two closses of stock authorized: $1 par preferted and $001 per value common. As of the beginning of 2024,430 shares of preferred

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Donnie Hitfiger has two closses of stock authorized: $1 par preferted and $001 per value common. As of the beginning of 2024,430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholder's' equity during 2024: Narch 1 tssue 2,400 shares of common stock for $55 per share. Nay 15 Purchase 530 shares of treasury stock for s48 per share. Joly 10 Resen 339 shares of treasury stock purchased on May 15 for 553 per. share October 15 Issue 330 , shares of preferred stock for $58 per share. of record on Decenber 15. (Wint; Dividendis are not paid on treasury stock.) Oecenber 3 Pay the cash dtvidends declared on Decenter 1 . Donnie Hilfiger has the following beginning balances in its stockholders' ecuity accounts on January 1, 2024: Preferred 5tock, \$430; Common Stock, \$53, Additional Paid-in Capital, \$82,500, and Retained Earnings, \$33,100. Net income for the year ended December 31,2024, is $13,400. Problem 10-2A (Algo) Part 2 2. Select whether each of the following transactions increases (+) or decreases () total assets, lotal liabilities, and total stockholders: equily. (ff none of the categories apply for a particular item, leave the cell blank.)

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