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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

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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 1,800 shares of common stock have been issued. The following transactions affect stockhoiders' equity during 2024: March 1 Issue 1, see additional shares of comon stock for $17 per share. April 1 Issue 200 additional shares of preferred stock for $28 per share. June 1 Declare a cash dividend on both common and preferred stock of 50.60 per share to all stockholders of record on June 15 . June 30 Pay the cash dividends declared on June 1. August 1 Purchase 200 shares of comon treasury stock for $14 per share. October 1 Reissue 100 shares of treasury stock purchased on August 1 for $16 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$1,000; Common Stock, \$1,800; Additional Paid-in Capital, \$18,300; and Retained Eamings, $10,300. Net income for the year ended December 31, 2024, is $7,050. Problem 10-2B (Algo) Part 2 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.)

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