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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

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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 2,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 March 1 Issue 2,300 additional shares of comnon stock for $18 per share. April 1 Issue 200 additional shares of preferred stock for $33 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.65 per share to all stockholders of record on June 15 . June-30 Pay the eash dividends declared on June 1. August 1 Purchase 200 shares of common treasury stock for $15 per share. october 1 Rese11 100 shares of treasury stock purchased on August 1 for $17 per, share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock. $1,000; Common Stock, $2,300; Additional Paid-in Capital, \$18,800; and Retained Earnings, $10,800. Net income for the year ended December 31,2024 , is $7,300. 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 stction of the balance sheet as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) 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.) August 1 Purchase 200 shares of common treasury stock for $15 per share. October 1 Resell 100 shares of treasury stock purchased on August 1 for $17 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $1,000; Common Stock, $2,300; Additional Paid-in Capital, $18,800; and Retained Earnings, $10,800. Net income for the year ended December 31,2024 , is $7,300. Taking into consideration the beginning balances on January 1, 2024 and all the transactions during 2024 , respond to following for Nautical: 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)

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