Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2024 , 125 shates of preferred stock and 1,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 1,400 additional shares of coeson stoek for 114 per share. Apri1 i Issue ijs additional shares of preterted atoek for 524 per nhare. June 1 Declare a cask dividend on both compon and preferred atook of 50.45 per whare to all wrockholdera of record on June 15 . June 30 Pay the cash dividenda deolared on June 1. Aupust 1 Purehase 175 shares of eomhon treasury stock for 111 per thare. Ootober I Resel1 125 shares of creasury atoek porehased on August i for $13 per llhare. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$1,250: Common \$tock, \$1,400; Additional Paid in Capital, \$17,900; and Retained Earnings, \$9,900. Net income for the year ended December 31,2024 , is $6,850. Taking into consideration the beginning balances on January 1, 2024 and all the transactions during 2024, respond to the following for Nautical: Required: 1. 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.)