Hello, I'm looking for the answers on this question. It's a two part question!

Required information Problem 10-5B Understand stockholders' equity and the statement of stockholders' equity (LO10-7) [The following information applies to the questions displayed beiow.] Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021 , 100 shares of preferred stock and 1,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 : March 1 Issue 1,59 additional shares of conmon stock for 520 per share. April 1 Issue 200 additional shares of preferred stock for s25 per share. June 1 Declare a cash dividend on both cowmon and preferred stock of se, 75 per share to al1 stockholders of record on June 15 . Junese Pay the cash dividends declared on June 1. August 1 Purchase 200 shares of common treasury stock for's17 per share. october 1 Resel1 100 shares of treasury stock purchased on August 1 for 319 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, \$1,000; Common Stock, \$1,500; Additional Paid-in Capital, \$18,000; and Retained Earnings, \$10,000. Net income for the year ended December 31,2021 , is $6,900. Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Nautical: Required: 1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)