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1 1 Part 1 of 2 3.5 points {The following information applies to the questions displayed below) Nautical has two classes of stock authorized: $10 par preferred, and S1 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 Mareh 1 Into 1.400 additional shares of common stock for $14 per share. April 1 Issue 175 additional shares of preferred stock for $24 per share. June 1 Declare a cash dividend on both connon and preferred stock of $0.45 per share to all stockholders of record on June 15. June 30 Pay the cash dividends declared on June 1. August 1 Purchase 175 shares of common treasury stock for $11 per share. October 1 Reissue 125 shares of treasury stock purchased on August 1 for $13 per share. 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, Book Print References Problem 10-2B Part 1 Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction fist Journal entry worksheet 1 2 2 O Part 2 of 2 Required information Problem 10-2B Record equity transactions and indicate the effect on the balance sheet equation (L010-2, 10-3, 10-4, 10-5) (The following information applies to the questions displayed below) 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 1.5 points Book Print References March 1 ISO 1,400 additional shares of common stock for $14 per share. April 1 TO 175 additional shares of preferred stock for $24 per share. June 1 Declare a canh dividend on both common and preferred stock of $0.45 per have to all stockholders of record on June 15. June 30 Pay the cash dividende declared on June 1. August 1 Purchase 175 shares of contion treasury stock for 611 per share. October 1 Helse 125 shares of treasury stock purchased on August 1 for 01) per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $1,250; Common Stock $1,400, Additional Pald-in Capital, $17,900; and Retained Earnings, $9,900. Net Income for the year ended December 31, 2021, is $6,850. Problem 10-2B 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.) Total Total AccTnlhlins Stackholders