Required information Problem 10-5A (Algo) Understand stockholders' equity and the statement of stockholders' equity (LO107) [The following information applies to the questions displayed beiow.] Donnie Hitfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024, 200 shares of preferred stock and 2,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 March 1 Issue 1,060 shares of connon stock for $27 per share. May 15 Purchase 6 . 15 shares of treasury stock for $20 per share. July 16 Reselt 100 shares of treasury stock purchased on May 15 for 525 per share. October 15 Issue 100 shares of preferred stock for s30 per share. Decenber 1 Dectare a cash dividend on both comnon and preferred stock of 51 . ea per share to atl stockholders of record on Decenber 15. (Mint? Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on Decenber 1. Donnie Halfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$200; Common Stock, \$25; Additional Paid-in Capital, \$6t,000; and Retained Earnings, \$23,000. Net income for the year ended December 31, 2024, is $9,300. Taking into consideration the beginning bolances on January 1,2024 and all the transactions during 2024, respond to the following for Donnie Hilfiger: Required: 1. Prepare the stockholders' equity section of the balance st indicated by a minus sign.)