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Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021, 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 2021, 125 shares of preferred stock and 1,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: Date March 1 transaction Issue 1,400 additional shares of common stock for $14 per share. Issue 175 additional shares of preferred stock for $24 per share. April 1 May 1 May 30 June 1 Purchased 600 shares of stock for $30 per share Reissued 235 shares of treasury stock for $25 per share Declare a cash dividend on both common and preferred stock of $0.45 per share to all stockholders of record on June 15. Paid the cash dividend Purchase 175 shares of treasury stock for $11 per share Reissue 125 shares of treasury stock purchased on 8/1 for $13 per share June 30 August 1 Oct 1 Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $1,250; Common Stock, $1,400; Additional Paid-in Capital, $17,900; and Retained Earnings, $9,900. Net income for the year ended December 31, 2021, is $6,850 REQUIRED: USING THE DATA ABOVE, ANSWER THE FOLLOWING QUESTIONS 1. What is the dollar amount of the cash dividend paid on June 30? (1 point) 2. AS OF 10/2 a. What is the balance in the treasury stock account? point b. What the dollar balance in the common stock account % point

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