Problem 10-5B (Algo) Understand stockholders' equity and the statement of stockholders' equity (LO107) [The following information applles 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 2024 , 150 shares of preferred stock and 2,800 shares of common stock have been Issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 2,800 additional shares of common stock for $12 per share. April 1 Issue 150 additional shares of preferred stock for $38 per share. June 1 Declare a cash dividend on both common and preferred stock of $.35 per share to all stockholders of record on June 15 . June 36 Pay the cash dividends declared on June 1. August 1 Purchase 250 shares of common treasury stock for $9 per share. October 1 Resell 150 shares of treasury stock purchased on August 1 for $11 per share. Nautical has the following beginning balances in Its stockholders' equity accounts on January 1, 2024: Preferred Stock, $1,500; Common Stock, $2,800; Additional Pald-In Capltal, $19,300; and Retalned Earnings, $11,300. Net Income for the year ended December 31,2024 , is $7,550. Taking Into consideration the beginning balances on January 1, 2024 and all the transactions during 2024, respond to the following for Nautical: Problem 10-5B (Algo) Part 2 .. Prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be ndlcated by a minus sign.)