R JULUTIUNS EXPERT Q&A Nautical has two classes of stock authorized sio par prefered and St pat value common. As of the beginning/of 2015, 125 shares of preferred stock and 8,000 shares of common steck have been issued. The ollowing transactions affect stockholders' equity during 20 nd St par value common. As of the ommon stock for s10 per share pretered March 1 Issue 3,000 additional shares of 1 Issue 175 additional shares of Declare a cash dividend on stook ior $40 per hare. h common and, prejerred stock of $0.25 per ril June rejerred stock or so2s pen share to all stockholders of reco ne June 30 Pay the cash dividends declared August 1 Repurchase 175 shares of common treagury stock for S7 per share Octaber 1 Reissue 125 shares of treasury stock purchasedgn Asgust per share Nautical has the following beginning balances in its stockholders' equity accounts on January 1 2015: Preferred Stock, S1,250; Common Stock, $3,000; Paid-in Capital, S19,500; and Retained Earnings, S11,500. Net income for the year ended December 31, 2015, is $7,650