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Nautical has two classes of stock authorizedi $10 par preferred, and $1 par value common. As of the beginning of 2024 , 150 shares of

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Nautical has two classes of stock authorizedi $10 par preferred, and $1 par value common. As of the beginning of 2024 , 150 shares of preferred stock and 2,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Mareh 1 Isatue 2,500 additional shares of coumon steek for $20 per share. Aprit 1 Issue 150 additional whares of preferred stoek for $35 per share. June 1 Declare a casb dividend on both common and preferred stock of $0.75 per share to all atockholders of record on June 15 . June 30 Pay the cant dividends declared on June 1 . Auguat 1. Purchase 250 shares of common treasury stock for $17 per share. october 1 felssue 150 shares of treasury stock purchased on Auguat 1 for $19 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock. $1,500; Common Stock, \$2,500; Additional Paid-in Capital, $19,000; and Retained Earning5, $11,000. Net income for the year ended December 31,2024 , is $7,400. 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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