Required information [The following information applies to the questions dispiayed below] 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 2,800 shares of common stock have been issued. The following transactions affect. stockholders' equity during 2024 March 1 Issue 2, 800 additional shares of connon stock for $12 per share. April 1 Issue 150 additional shares of preferred stock for $38 per share. June 1 Declare a cash dividend on both comon and preferred stock of 59.35 per share to all stockholders of record on June 15 . June 3 Pay the cash dividends declared on June 1. August 1 Purchase 250 shares of comon treasury stock for $9 per share. October 1 Resell 150 shares of treasury stock purchased on August 1 for $11 per share. Nautical has the following beginning balances in its stockhoiders' equity accounts on January 1,2024: Preferred Stock. $1,500; Common Stock, $2,800, Additional Paid-in Capital, $19,300, and Retained Earnings, $11,300 Net income for the year ended December 31,2024 , is $7,550. Taking into consideration the beginning balances on January 1,2024 and all the transactions during 2024, respond to the following for Nauticat Required: 1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2024. (Amounts to be deducted should be indicoted by a minus sign.) Required: 1. Prepare the stockholders' equity section of the balance sheet as of December 31,2024 . (Amounts to be deducted sho indicated by a minus sign.) August 1 Purchase 250 shares of common treasury stock for $9 per share. October 1 Resell 15 shares of treasury stock purchased on August 1 for $11 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $1,500; Common Stock, \$2,800; Additional Paid-in Capital, \$19,300; and Retained Earnings, \$11,300. Net income for the year ended December 31,2024 , is $7,550. Taking into consideration the beginning balances on January 1,2024 and all the transactions during 2024, respond to the following for Nauticat: 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)