Problem 10-2B 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.) 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 2,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 2,100 additional shares of common stock for $16 per share. April 1 Issue 175 additional shares of preferred stock for $31 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.55 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 conton treasury stock for $13 per share. October 1 Reissue 125 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, $1,250, Common Stock, $2,100 Additional Paid-in Capital, 518,600 and Retained Earnings, $10,600. Net Income for the year ended December 31, 2021. Is $7,200. ces Problem 10-2B Part 1 Required: 1. Record each of these transactions of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 1. RELIU COLII OS 11CSOLLIS TILTU ETILI V ISTUURCU TUI O VOILILUIS LIGUISOLLIUIWevell. SEICLL NU JUUR O Required information Answer is not complete. No Date General Journal Debit Credit 1 March 01, 2021 33,600 Cash Common Stock Additional Paid-In Capital 2,100 2 April 01, 2021 > Cash Preferred Stock Additional Paid-In Capital 3 June 01, 2021 Dividends Dividends Payable Oo 4 June 30, 2021 Dividends Payable Cash 5 August 01, 2021 Treasury Stock Cash lo 6 October 01, 2021 Cash Treasury Stock Additional Paid In Capital 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.) Transaction Total Assets Total Total Liabilities Stockholders' Equity Issue common stock Issue preferred stock Declare cash dividends Pay cash dividends Purchase treasury stock Roissue treasury stock