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Required information The following informationapplies to the questions displayed below] Donnie Hiifiger has two classes of stock authorized. $1 par preferred and $0.01 par value

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Required information The following informationapplies to the questions displayed below] Donnie Hiifiger has two classes of stock authorized. $1 par preferred and $0.01 par value common. As of the beginning of 2024, 300 shares of preferred stock and 4,000 shates of common stock have been issued. The following transactions affect stocicholders' equity during 2024 : Decenber 7x Pay the nash dividende declared oe Deconiber th Stock, \$300. Common Stock. \$40: Additonal Poldin Coplta, \$75,000; and Retained Eamings, \$30,500 Notincome for the year ended December 31,2024, is $10,800. Taking into consideration the beginning balances on January 1,2024 and all the transactions during 2024, respond to the following for Donnie Hiffiger: 2. Prepare the statement of stociholders' equily for the yeor ended December 31, 2024. (Amounts to be deductind should be indicated by a minus sign.) 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.)

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