Required information [The following information applies to the questions displayed below] Donnie Hifiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,330 shares of preferred stock and 4,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 Issue 1,40 shares of connon stock for $45 per share. May 15 Purchase 43 a shares of treasury stock for $38 per share. July 10 Reselt 230 shares of treasury stock purchased on May 15 for $43 per share. October 15 Issue 230 shares of preferred stock for $48 per share. December 1 beclare a cash dividend on both common and preferred stock of so.8e per share to all December 31 Pay the cash dividends declared on Decenber 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$330; Common Stock, \$43; Additional Paid-in Capital, \$77,500; and Retained Earnings, $31,100. Net income for the year ended December 31,2024 , is $11,400. 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.)