prepare the stockholders equity section of the balance sheet and prepare the statement of stockholders equity for the year ended december 31,2021

10 Required information 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, 150 shares of preferred stock and 1,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 art 1 of 2 09 Book March 1 Tone 1,900 additional shares of common stock for 516 per share. April 1 tasse 150 additional shares of preferred stock for $29 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.55 per here to all stockholders of record on June 15 June 30 Pay the cand dividendo declared on June 1. August 1 Purchase 250 shares of common decanury stock for $11 per share October 1 Resell 150 shares of treasury stock purchased on August 1 for $15 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $1,500; Common Stock, $1,900, Additional Paid in Capital, $18,400, and retained Earnings, $10,400. Net income for the year ended December 31, 2021, is $7.100 Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Nautical Print References Required: 1. Prepare the stockholders' equity section of the balance sheet os of December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.) NAUTICAL Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' equity Preferred stock $ fcommon stock 3.000 3,800 NAUTICAL Statement of Stockholders' Equity For the Year Ended December 31, 2021 Preferred Stock Common Stock Additional Paid-in Capital Retained Earnings Treasury Stock Total Stockholders Equity Balance, January 1 Issue common stock Issue preferred stock Declare cash dividends Purchase treasury stock Resell treasury stock Net Income Balance, December 31 $ 0 $ 0 $ 0 $ 0 S 0 $ 0