i need you to solve the balance sheet and statement of stockholders equity. Thank you!!!!

Problem 10-5B Understand stockholders' equity and the statement of stockholders' equity (LO10-7) [The following information applies to the questions displayed below.] Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021 , 125 shares of preferred stock and 1,700 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 : March 1 Issue 1,700 additional shares of cocton ntock for $18 per share. Aprid 1 Issue 175 additienal shares of preferred ntoek for 527 per share. June 1 Declare a cash dividend on both common and proferred stock of 50.65 per share to all etoekholders of record on June is, June30 Pay the cash dividends deelared on June 1. Mugust 1 Purchase 175 shares of conmon treasury ftock for $15 per share. October 1 Resel1 125 shares of treasury stock purchased on Auguat 1 for $17 per whare. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, \$1,250; Common Stock, \$1,700; Additional Paid-in Capital, \$18,200; and Retained Earnings, \$10,200. Net income for the year ended December 31,2021 , is $7,000. 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 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.)