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 2021. 150 shares of preferred stock and 2.800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 2,880 additional shares of common 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 common and preferred stock of $0.35 per share to all stockholders of record on June 15. June 30 Pay the cash dividends declared on June 1. August 1 Purchase 250 shares of common treasury stock for $9 per share. October 1 Reissue 150 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, 2021: 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, 2021, is $7.550. 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 View journal entry worksheet No Date General Journal Debit Credit 20 Saved Required information Credit No 1 Debit 33,600 Date General Journal March 01, 2021 Cash Common Stock Additional Paid-In Capital 28,000 5,600 2 April 01, 2021 5,700 Cash Preferred Stock Additional Paid-In Capital 1,500 4,200 3 June 01, 2021 Retained Earnings Dividends Payable 1 4 June 30, 2021 Dividends Payable Cash 5 August 01, 2021 Treasury Stock Cash 6 October 01, 2021 Cash Treasury Stock Additional Paid-In Capital