Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2015, 150 shares of preferred stock and 1,900 shares of common stock have been issued. The following transactions affect stockholders equity during 2015:

March	1	Issue 1,900 additional shares of common stock for $16 per share.
April	1	Issue 150 additional shares of preferred stock for $29 per share.
June	1	Declare a cash dividend on both common and preferred stock of $0.55 per share to all stockholders of record on June 15.
June	30	Pay the cash dividends declared on June 1.
August	1	Repurchase 250 shares of common treasury stock for $13 per share.
October	1	Reissue 150 shares of treasury stock purchased on August 1 for $15 per share.

Nautical has the following beginning balances in its stockholders equity accounts on January 1, 2015: Preferred Stock, $1,500; Common Stock, $1,900; Paid-in Capital, $18,400; and Retained Earnings, $10,400. Net income for the year ended December 31, 2015, is $7,100.

1.

Record each of these transactions.

Declare a cash dividend on both common and preferred stock of $0.55 per share to all stockholders of record on June 15. Record the declaration of cash dividends.

Declare a cash dividend on both common and preferred stock of $0.55 per share to all stockholders of record on June 15. Record the entry on the date of record.

2.	Select whether each of these transactions would increase (+), decrease (?), on total assets, total liabilities, and total stockholders equity by completing the following table.

Total Transaction Total Assets Total Liabilities Stockholders Equity Issue common stock Issue preferred stock Declare cash dividends Pay cash dividends Repurchase treasury stock Reissue treasury stock