Required information (The following information applies to the questions displayed below.) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 2,400 shares of common stock for $55 per share. May 15 Purchase 530 shares of treasury stock for $48 per share. July 10 Resell 330 shares of treasury stock purchased on May 15 for $53 per share. October 15 Issue 330 shares of preferred stock for $58 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.80 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock $430; Common Stock, $53; Additional Paid-in Capital, $82,500; and Retained Earnings, $33,100. Net income for the year ended December 31, 2021, is $13,400. Required: 1. Record each of these transactions. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) . View transaction list View journal entry worksheet No 1 Credit Date General Journal March 01, 2021 Cash Common Stock Additional Paid in Capital Debit 132,000 131 976 May 15, 2021 Treasury Stock 25.440 Cash 25.440 3 July 10, 2021 17.490 Cash Treasury Stock Additional Paid in Capital 15.840 1.650 October 15, 2021 Cash Preferred Stock Additional Paid-in Capital December 01, 2021 Dividends Dividends Pavable requirea information [The following information applies to the questions displayed below.) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: May March 1 Issue 2,400 shares of common stock for $55 per share. 15 Purchase 530 shares of treasury stock for $48 per share. July 10 Resell 330 shares of treasury stock purchased on May 15 for $53 per share. October 15 Issue 330 shares of preferred stock for $58 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.80 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $430; Common Stock, $53; Additional Paid-in Capital, $82,500; and Retained Earnings, $33,100. Net income for the year ended December 31, 2021, is $13,400, 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.) Transaction Total Assets Total Liabilities Total Stockholders' Equity Issue common stock Purchase treasury stock Resel treasury stock Issue preferred stock Decare cash dividends Pay cash dividends