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thank you! Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,340 shares

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Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,340 shares of preferred stock and 4,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 1,500 shares of comon stock for $46 per share. May 15 Purchase 440 shares of treasury stock for $39 per share. July 10 Resell 240 shares of treasury stock purchased on May 15 for s44 per share. October 15 Issue 240 shares of preferred stock for $49 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.90 per share to a11 stockholders of record on Decenber 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$340, Common Stock, \$44. Additional Paid-in Capital, \$78,000; and Retained Earnings, \$31,300. Net income for the year ended December 31,2024 , is $11,600 2. Select whether each of the following transactions increases ( + ) or decreases () total assets, total liabilities, and total stockholders' equity. (If none of the categories apply for a particular item, leave the cell blank.) Record the entry on December 15 , the date of record. Note: Enter debits before credits

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