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 , 150 shares of preferred stock and 1,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Nareh 1 Issue 1,300 additional shares of connon stock for $13 per share. Apri1 1 Issue 150 additional shares of preferred stock for $23 per ahare. June 1 Declare a cash dividend on both common and preferred stock of $0.40 per share to all stockholders of record on June 15 . June 30 Pay the cash dividends declared on June 1 . Auguat 1 Purchase 250 thares of coanon treanury ltock for, $10 per ahare. october 1 Resel1 150 shares of treasury stock purchased on August 1 for $12 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$1,500; Common Stock, \$1,300; Additional Paid-in Capital, \$17,800; and Retained Earnings, \$9,800. Net income for the year ended December 31,2024 , is $6,800. Taking into consideration the beginning balances on January 1, 2024 and all the transactions during 2024 , respond to the following for Nautical: Required: 1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) 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 1,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Mareh 1 Iseve 1,300 additional shares of common stoek for $13 per ahare. April 1 isave 150 additional aharen of preferred atock for $23 per ahare. June 1 Deelare a cash dividend on both coemon and preferred stock of $0.40 per share to all stockholders of record on Jane 15 . June 30 pay the cash dividends declared on June 1. August 1 Purchase 250 shares of common treasury stock for, $10 per share. October 1 Resell 150 shares of treasury stock purehased on August 1 for $12 per share. Nautical has the following beginning balances in its stockholders' equity accounts on Lanuary 1, 2024: Preferred Stock, \$1,500; Common Stock, \$1,300; Additional Paid-in Capital, \$17,800; and Retained Earnings, \$9,800. Net income for the year ended December 31,2024 , is $6,800. Taking into consideration the beginning balances on January 1, 2024 and all the transactions during 2024 , respond to the following for Nautical: Prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be odicated by a minus sign.)
