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 1,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,900 additional shares of common stock for $16 per share. April 1 Issue 150 additional shares of preferred stock for $29 per share. June 1 Declare a cash dividend on both comon and preferred stock of 50.55 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 $13 per share. October 1 Reissue 150 shares of treasury stock purchased on August 1 for $15 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: 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 31,2021 , is $7,100. 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.)