Hoyas, Inc. has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2022, 320 shares of preferred stock and 4,200 shares of common stock have been issued. The following transactions affect stockholders' equity during 2022: March 1 Issue 1,300 shares of common stock for $44 per share. May July 15 Purchase 420 shares of treasury stock for $37 per share. 10 Resell 220 shares of treasury stock purchased on May 15 for $42 per share. October 15 Issue 220 shares of preferred stock for $47 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.70 per share to all stockholders of record on December 15. (Hint: Dividends per share are the same amounts for both common and preferred stock. Dividends are not paid on treasury stock.) December 31 Pay, the cash dividends declared on December 1. Hoyas, Inc. has the following beginning balances in its stockholders' equity accounts on January 1, 2022: Preferred Stock, $320; Common Stock, $42; Additional Paid-in Capital, $77,000; and Retained Earnings, $30,900. Net income for the year ended December 31, 2022, is $11,200. 2. Select whether each of the following transactions increases (+) or decreases (-) total assets, total liabilities, and total stockholders' equity. (Enter + or, no amounts are required. If none of the categories apply for a particular item, leave the cell blank.) Transaction Issue common stock Purchase treasury stock Resell treasury stock Issue preferred stock Declare cash dividends Pay cash dividends Total Assets Total Total Stockholders' Liabilities Equity