Nautical has the following beginning balances in its stockholders equity accounts on January 1, 2024: 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, 2024, is $6,900.

Select whether each of the following transactions increases ( + ) or decreases ( ) total assets, total liabilities, and total stockholders' equity. (If none of the categories apply for a particular item, leave the cell blank.)

Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: 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 31,2024 , is $6,900. 2. Select whether each of the following transactions increases (+) or decreases ( - ) total assets, total liabilities, and total stockholders' equity. one of the categories apply for a particular item, leave the cell blank.)