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 1,880 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 comnon and preferred stock of $8.60 per share to all stockholders of June 30 Pecord on June 15 . 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: 2. Prepare the statement of stockholders' equity for the year ended December 31,2024 . (Amounts to be deducted should indicated by a minus sign.) Answer is comblete but not entirelv correct