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 2024,100 shares of preferred stock and 1,800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2924 : March 1 Issue 1,800 additional shares of common stock for $17 per share. April 1 Issue 2 additional shares of preferred stock for $28 per share June 1 Declare a cash dividend on both common and preferred stock of $8.68 per share to all stockholders of June 30 Pecord on June 15 . Pash dividends declared on June 1. August 1 Purchase 280 shares of common treasury stock for $14 per share. october 1 Resell 100 shares of treasury stock purchased on August 1 for $16 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $1,000; Common Stock, $1,800; Additional Paid-In Capital, $18,300; and Retained Earnings, $10,300. Net income for the year ended December 31,2024 , is $7,050. 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.) 2. Prepare the statement of stockholders' equity for the year ended December 31,2024 . (Amounts to be deducted should indicated by a minus sign.)