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 2024, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 May 15 July 10 October 15 December 1 Issue 2,400 shares of common stock for $55 per share. Purchase 530 shares of treasury stock for $48 per share. Resell 330 shares of treasury stock purchased on May 15 for $53 per share. Issue 330 shares of preferred stock for $58 per share. 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, 2024: 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, 2024, is $13,400.

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 2024,430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Mareh 1 Tasue 2,400 shares of common stoek for $55 per share. May 15 Purchase 530 bhares of treasury stoek for $48 per bhare. July 10 Mesel1 330 shares of treanury gtock purchased on May 15 for 553 per share. October 15 tssue 330 ahaxes of preferred stook for $58 per ahare. December 1 Declare a cash dividend on both cotmon and preferred atock of $1.80 per ahare to all stockholdera of record on December 15. (Irint? pividends are not paid on treasury December 31 Pay ehe eash dividenda declared on Deceaber 1 . Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1 , 2024: Preferred Stock, \$430; Common Stock, \$53; Additional Paid in Capital, $82,500; and Retained Earnings, $33,100. Net income for the year ended December 31,2054 , 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.)