TB PR Qu$.10-180($Algo$)$ Sweet Sixteen has two classes of stock authorized:...

Sweet Sixteen 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 $1,700$ shares of common stock have been issued. The following transactions affect stockholders' equity

during $2024$:

March $1$ Issue $1,700$ additional shares of common stock for $$18$ per share.

April $1$ Issue $175$ additional shares of preferred stock for $$27$ per share.

June $30$ Pay the cash dividends declared on June $1.$

August $1$ Purchase $175$ shares of common treasury stock for $$15$ per share.

October $1$ Reissue $125$ shares of treasury stock purchased on August $1$ for $$17$ per share.

Sweet Sixteen has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$1,250$;

Common Stock, $$1,700$; Additional Paid$-$in Capital, $$18,200$; and Retained Earnings, $$10,200.$ Net income for the year ended December

$31,2024,$ is $$7,000.$

Required:

Record each of these transactions.

Select whether each of the following transactions increases $(+)$ or decreases $(-)$ total assets, total liabilities, and total stockholders'

equity.