Problem 10-2A Record equity transactions and indicate the effect on the balance sheet equation (LO10-2, 10-3, 10-4, 10-5) The following information applies to the questions displayed below. Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $o.01 par value common. As of the beginning of 2018, 300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2018: March 1 Issue 1,100 shares of common stock for $42 per share. May 15 Purchase 400 shares of treasury stock for $35 per share. July 10 Reissue 200 shares of treasury stock purchased on May 15 for $40 per share October 15 Issue 200 shares of preferred stock for $45 per share December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15. (Hint Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1 Donnle Hlfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2018: Preferred Stock, $300; Common Stock, $40; Additional Pald-In Capital, $76,000; and Retained Earnings $30,500. Net income for the year ended December 31, 2018, is $10,800 References Required information 0.80 points You did not receive full credit for this question in previous attempt Problem 10-2A Part 2 2. Select whether each of the following transactions increasesor decreases particular item, leave the cell blank.) total assets, total liabilities, and total stockholders' equity by completing the following table. (If none of the categories apply for a Total Total Total Transaction Assets LiabilitiesStockholder lssue common stock Purchase treasury stock Reissue treasury stock Isaue preferred stock Declare cash dividends Pay cash dvidends