QUESTION 23 Diane's Designs has two classes of stock authorized: 6%, $10 par value preferred and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 1 Issue 200,000 shares of common stock for $15 per share. February 6 Issue 900 shares of preferred stock for $12 per share. October 10 Purchase 11,000 shares of its own common stock for $18 per share. November 12 Resell 5,000 shares of treasury stock at $24 per share.

fanuary 1 thene 200:000 theres of coiminen atock for $15 per share February 6 lssue 900 theres of pyeferted thock for 312 eser share October 10 Purchabe 31,000 thares of its own cominen stock for $18 pat shate Novereber 17 Resoll 5000 sthes int teasury stock at 174 per stare