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Required information [ The following information applies to the questions displayed below. ] Nautical has two classes of stock authorized: $ 1 0 par preferred,

Required information
[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 2024,125 shares of preferred stock and 3,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024:
March 1 Issue 3,000 additional shares of common stock for $10 per share.
April 1 Issue 175 additional shares of preferred stock for $40 per share.
June 1 Declare a cash dividend on both common and preferred stock of $0.25 per share to all stockholders of record on June 15.
June 30 Pay the cash dividends declared on June 1.
August 1 Purchase 175 shares of common treasury stock for $7 per share.
October 1 Resell 125 shares of treasury stock purchased on August 1 for $9 per share.
Nautical has the following beginning balances in its stockholders' equity accounts on January 1,2024: Preferred Stock, $1,250; Common Stock, $3,000; Additional Paid-in Capital, $19,500; and Retained Earnings, $11,500. Net income for the year ended December 31,2024, is $7,650.
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.)
\table[[Transaction,\table[[Total],[Assets]],\table[[Total],[Liabilities]],\table[[Total],[Stockholders],[Equity]]],[Issue common stock,,,],[Issue preferred stock,,,],[Peclare cash dividends,,,],[Purchase dividends,,,],[Resell treasury stock,,,]]
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