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Nautical has two classes of stock authorized: $10 por preferred, and $1 par value common. As of the beginning of 2024 , 125 shares of

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Nautical has two classes of stock authorized: $10 por preferred, and $1 par value common. As of the beginning of 2024 , 125 shares of preferred stock and 1,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Mareh i Inse 1,400 additional ohares of eomen atoek for 514 per ahare. Aprit i Issen 175 additlosal shares of preferred stock for $24 per share. Jane 1 Dechnre a eash dividend on both comon and preferred steek of 10.45 per ahare to all atockholdera of record on Hune 15 . Tune 10 Pay the canh dividende declared on Jone 1. Aogust 1 Purehase 175 nhares of common tressury atock tor $11 per share. october 1 llewe11-125 shares of tressury atoek parebssed on aagust 1 for s13 per ahace. Nautical has the following beginning balances in its stockholders' oquity accounts on January 1,2024 . 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 31,2024 , is $6,850 Taking into consideration the beginning balances on January 1, 2024 and all the transactions during 2024, respond to the following for Navtical! 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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