[The following information applies 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 2018, 200 shares of preferred stock and 3,000 shares of common k have been issued. The following transactions affect stockholders' equity during 2018: March 1 Issue 1,000 shares of common stock for $32 per share. May 15 Purchase 600 shares of treasury stock for $25 per share. July 10 Reissue 100 shares of treasury stock purchased on May 15 for $30 per share. October 15 Issue 100 shares of preferred stock for $35 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.75 per share to all stockholders of record on December 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, 2018: Preferred Stock, $200; Common Stock, $30; Additional Paid-in Capital, $66,000; and Retained Earnings, $25,500. Net income for the year ended December 31, 2018, is $9,800. Do Taking into consideration the beginning balances on January 1, 2018 and all the transactions during 2018, respond to the following for Donnie Hilfiger