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Nautical has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,$

$150$ shares of preferred stock and $1,900$ shares of common stock have been issued. The following transactions affect

stockholders' equity during $2024$:

Nautical has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock,

$$1,500$; Common Stock, $$1,900$; Additional Paid$-$in Capital, $$18,400$; and Retained Earnings, $$10,400.$ Net income for the

year ended December $31,2024,$ is $$7,100.$

quired:

Record each of these transactions. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in

e first account field.$)$

Journal entry worksheet

Record the issuance of $1,900$ additional shares of common stock for $$16$ per

share.

Note: Enter debits before credits.

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.$)$