Sweet Sixteen has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2024,100 shares of preferred stock and 1,800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 1,800 additional shares of comon stock for $17 per share. April 1 Issue 200 additional shares of preferred stock for $28 per share. June 30 on June 15 . August 1 Purchase 200 shares of common treasury stock for $14 per share. october 1 Reissue 100 shares of treasury stock purchased on August 1 for $16 per share. Sweet Sixteen has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $1,000 : Common Stock, \$1,800; Additional Paid-in Capital, \$18,300; and Retained Earnings, $10,300. Net income for the year ended December 31,2024 , is $7,050. Required: 1. Record each of these transactions. 2. Select whether each of the following transactions increases (+) or decreases ( - ) total assets, total liabilities, and total stockholders equity. Record the declaration of cash dividend on both common and preferred stock of $0.60 per share to all stockholders of record on June 15 . Note: Enter debits before credits. Journal entry worksheet (1) 23 Record the resale 100 shares of treasury stock purchased on August 1 for $16 per share. Note: Enter debits before credits. ecord each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the st account field.) Journal entry worksheet 1 Record the purchase of 200 shares of common treasury stock for $14 per share. Note: Enter debits before credits. Record the payment of the dividends declared on June 1. Note: Enter debits before credits