Required information [The following information applles to the questions displayed below] Donnie Hilfiger has two classes of stock authorized: \$1 par preferred and \$0.01 par value common. As of the beginning of 2024, 320 shares of preferred stock and 4,200 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March I Issue 1,300 whares of comon stock for $44 per share. May 15 Purchase 420 shares of treanury stock for $37 per share. July 10 Resell 220 shares of treasury stock porchased on May 15 for $42 per share, October 15 Insue 220 shares of preferred stock for $47 per share. Decenber 1 Declaro a cash dividend on both conton and preferred itock of $0.20 per thare to all stocktioldert of record on December 15. (Hint: Dividends are not paid on treasury stock.) Decenber 31 Pay the eash dividends declared on December 1 . Donnle Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$320; Common Stock, \$42; Additional Paid-in Capital, \$77,000; and Retained Earnings, \$30,900. Net income for the year ended December 31,2024 , is $11,200. - Select whether each of the following transactions increases (+) or decreases () total assets, total llabilities, and total stockholders' quity, (If none of the categories apply for a particular item, leave the cell blank.)