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Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2015, 100 shares of preferred

Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2015, 100 shares of preferred stock and 1,500 shares of common stock have been issued. The following transactions affect stockholders? equity during 2015:

March1 Issue 1,500 additional shares of common stock for $20 per share.
April1 Issue 200 additional shares of preferred stock for $25 per share.
June1

Declare a cash dividend on both common and preferred stock of $0.75 per share to all stockholders of record on June 15.

June30 Pay the cash dividends declared on June 1.
August1Repurchase 200 shares of common treasury stock for $17 per share.
October1Reissue 100 shares of treasury stock purchased on August 1 for $19 per share.

Nautical has the following beginning balances in its stockholders? equity accounts on January 1, 2015: Preferred Stock, $1,000; Common Stock, $1,500; Paid-in Capital, $18,000; and Retained Earnings, $10,000. Net income for the year ended December 31, 2015, is $6,900.

Taking into consideration all the transactions during 2015, respond to the following for Nautical:

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