Required information [The following information applies to the questions displayed bolow] Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2024. 150 shares of preferred stock and 2,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: Mareh 1 Insue 2,500 additional nharea of comnen steok tor $20 per ahare. Apti1 I Ineve 150 additional eharea of proterred atook for $35 por abaro. June 1 Declare a caah dividend on both comton and preterred atoek of 50,75 per whare to all atockholdera of record on June 15 . June 30 Pay the caub dividende deolared on June 1. August 1 Purchase 250 shares of common treasury stook for $17 per ohare. Ootober 1 Relssue 150 shares of treasury atoek purchased on Auqust 1 for $19 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$1,500; Common Stock, \$2,500; Additional Paid-in Capital, \$19,000; and Retained Earnings, $11,000. Net income for the year ended December 31,2024 , is $7,400. 1 Record the issuance of 2,500 additional shares of common stock for $20 per share. 2 Record the issuance of 150 additional shares of preferred stock for $35 per share. 3 Record the declaration of cash dividend on both common and preferred stock of $0.75 per share to all stockholders of record on June 15 . 4 Record the payment of the dividends declared on June 1. 5 Record the purchase of 250 shares of common treasury stock for $17 per share. 6 Record the resale of 150 shares of treasury stock purchased on August 1 for $19 per share