Required information Problem 10-2B (Algo) 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 $1 par value common. As of the beginning of 2024,100 shares of preferred stock and 1,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 1,500 additional shares of common stock for $20 per share. April 1 Issue 260 additional shares of preferred stock for $25 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.75 per share to all stockholders June 30 P Pay the cash dividends declared on June 1. August 1 Purchase 200 shares of common treasury stock for $17 per share. October 1 Reissue 100 shares of treasury stock purchased on August 1 for $19 p share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$1,000; Common Stock, \$1,500; Additional Paid-in Capital, \$18,000; and Retained Earnings, \$10,000. Net income for the year ended December 31, 2024, is $6,900 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.)