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Required information [The following information applies to the questions displayed bolow] Donnie Hafiger has two classes of stock authorized: $1 par preferred and $0.01 par

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Required information [The following information applies to the questions displayed bolow] Donnie Hafiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,340 shares of preferred stock and 4,400 shares of common stock have been issued. The following transoctions affect stockholders' equity during 2024 : Karch 1 Iasue 1,500 shares of conson wtoek for $46 per ahare. May 15 Purchase 440 ahares of trvasury atock tor $39 per uhare. July 10 Resell 240 sharee of treasuty atoek purchased on May 15 for 544 per ahaze. oetober 15 Isswe 240 thares of preferred atoek for $49 per ahare. becenber 1 peclare a cash dividend on both ecenon and preterred atock of 50.90 per share to all stockholters of record on Decenber 15. (Wint Dividends are not paid on treakory 1 tock.1) becenber 31: Pay tbe cash dividende declared on Decenber 1 . Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$340; Common Stock, \$44; Additional Paid-in Capital, $78,000; and Retained Earnings, $31,300. Net income for the year ended December 31,2024 , is $11,600. 2. Select whether each of the following transactions increases (+) or decreases () total assets, total liablities, and total stockholders' equity. (If none of the categorles apply for a particular item, leave the cell blank.)

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