Required Information

$[$The following information applles 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 $2024,125$ shares of preferred stock and $3,000$ shares of common stock have been issued. The following transactions affect stockholders' equity during $2024$:Nautical has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$1,250$; Common Stock, $$3,000$; Additional Paid$-$In Capital, $$19,500$; and Retalned Earnings, $$11,500.$ Net income for the year ended December $31,2024,$ is $$7,650.$

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 be Indicated by a minus sign.$)$

$\backslash$table$[[$NAUTICAL$],[$Statement of Stockholders' Equity$],[$For the Year Ended December $31,2024],[,,,\backslash$table$[[$Common$],[$Stock$]],\backslash$table$[[$Additional$],[$Paid$-$in$],[$Capital$]],\backslash$table$[[$Retained$],[$Earnings$]],\backslash$table$[[$Treasury$],[$Stock$]],\backslash$table$[[$Total$],[$Stockholders$],[$Equity$]]],[$Balance$,$ January $1],[$Issue common stock$],[$Issue preferred stock$],[$Declare dividends$],[$Purchase treasury stock$],[$Resell treasury stock$],[$Net income$],[$Balance$,$ December $31,$$$,0,$$$,$$$,$$$,$$$,$$$]]$N