Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2018, 125 shares of preferred stock and 3,000 shares of common stock have been issued. The following transactions affect stockholders equity during 2018:

March 1 Issue 3,000 additional shares of common stock for $10 per share.

April 1 Issue 175 additional shares of preferred stock for $40 per share.

June 1 Declare a cash dividend on both common and preferred stock of $0.25 per share to all stockholders of record on June 15.

June 30 Pay the cash dividends declared on June 1.

August 1 Purchase 175 shares of common treasury stock for $7 per share.

October 1 Reissue 125 shares of treasury stock purchased on August 1 for $9 per share. Nautical has the following beginning balances in its stockholders equity accounts on January 1, 2018: Preferred Stock, $1,250; Common Stock, $3,000; Additional Paid-in Capital, $19,500; and Retained Earnings, $11,500. Net income for the year ended December 31, 2018, is $7,650.

1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) -(3-1-18) Record the issue of additional common stock. -(4-1-18)Record the issue of preferred stock. -(8-1-18)Record declaration of cash dividend. -(8-15-18)Record the entry on the date of record. -(8-30-18)Record the payment of cash dividends declared. -(8-1-18)Record the purchase of treasury stock. -(10-1-18)Record reissue of treasury stock purchased.

2. 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.)

Transaction Issue common stock Issue preferred stock Declare cash dividends ay cash dividends Purchase treasury stock Reissue treasury stock Total Total Total Stockholders Assets Liabilities Equity