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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. 125 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. 125 shares of preferred stock and 3,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 3,90 additional shares of common stock for $10 per share. April 1 Issue 175 additional shares of preferred stock for \$4e per share. June 1 Declare a cash dividend on both common and preferred stock of $0.25 per share to all stockholders of record June 39 on June 15, 15 . August 1 Purchase 175 shares of comon treasury stock for 57 per share. October 1 Resell 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, 2024: 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 31,2024, is $7,650 Taking into consideration the beginning balances on January 1, 2024 and all the transactions during 2.024, respond to the following for Nautical: 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)

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