Nautical has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,100$ shares of preferred stock and $2,900$ shares of common stock have been issued. The following transactions affect stockholders' equity during $2024$:Nautical has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$1,000$; Common Stock, $$2,900$; Additional Paid$-$in Capital, $$19,400$; and Retained Earnings, $$11,400.$ Net income for the year ended December $31,2024,$ is $$7,600.$

Taking into consideration the beginning balances on January $1,2024$ and all the transactions during $2024,$ respond to the following for Nautical:

$2.$ Prepare the statement of stockholders' equity for the year ended December $31,2024.($Amounts to be deducted should be indicated by a minus sign.$)$

$\backslash$table$[[$NAUTICAL$],[$Statement of Stockholders' Equity$],[$For the Year Ended December $31,2024],[,\backslash$table$[[$Preferred$],[$Stock$]],$Common Stock,$\backslash$table$[[$Additional$],[$Paid$-$in Capital$]],\backslash$table$[[$Retained$],[$Earnings$]],\backslash$table$[[$Treasury$],[$Stock$]],\backslash$table$[[$Total$],[$Stockholders$\text{'}],[$Equity$]]],[$Balance$,$ January $1],[$Issue common stock$],[$Issue preferred stock$],[$Declare dividends$],[$Purchase treasury stock$],[$Resell treasury stock$],[$Net income$],[$Balance$,$ December $31,$$$,$$$,$$$,$$$,$$$,$$$]]$ Required information

$[$The following information applies to the questions displayed below.$]$

National League Gear has two classes of stock authorized: $4\%,$$$20$ par preferred, and $$5$ par value common. The

following transactions affect stockholders' equity during $2024,$ National League's first year of operations:

Required:

Record each of these transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first

account field.$)$ National League Gear has two classes of stock authorized: $4\%,$$$20$ par preferred, and $$5$ par value common. The

following transactions affect stockholders' equity during $2024,$ National League's first year of operations:

Required:

Record each of these transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first

account field.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the payment of the dividends declared on November $1.$

Note: Enter debits before credits.Nautical has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,$

$100$ shares of preferred stock and $2,900$ shares of common stock have been issued. The following transactions affect

stockholders' equity during $2024$:

Nautical has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock,

$$1,000$; Common Stock, $$2,900$; Additional Paid$-$in Capital, $$19,400$; and Retained Earnings, $$11,400.$ Net income for the

year ended December $31,2024,$ is $$7,600.$

Taking into consideration the beginning balances on January $1,2024$ and all the transactions during $2024,$ respond to the

following for Nautical:

Required:

Prepare the stockholders' equity section of the balance sheet as of December $31,2024.($Amounts to be deducted should be

indicated by a minus sign.$)$