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[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.

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[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 2024,390 shares of preferred stock and 4,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 2,000 shares of common ntock for $51 per nhare. May 15 Purchane 490 aharen of treasury, stock for $44 per share. July 10 Resel1 290 shares of treasury ntock purehased on May 15 for 549 per share. October 15 rovue 290 shares of preterred utock for $54 per nhare. Decenber 1 beclare a cash dividend on both common and preferred ntock of $1.40 per llhare to al1 atockholdera of record on December 15. (lintr Dividends are not paid on treasury stock.) Decenber 31 Day the canh dividends deelared on Decesber 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$390: Common Stock, \$49; Additional Paid-in Capital, $80,500; and Retained Earnings, \$32,300. Net income for the year ended December 31,2024 , is $12,600. Problem 10-2A (Algo) Part 2 .Select whether each of the following transactions increases ( + ) or decreases () total assets, total liabilities, and total stockholders quity. (If none of the categories apply for a particular item, leave the cell blank.)

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