[The following information applies to the questions displayed below] Nautical has two classes of stock authorized: $10 por preferred, and $1 par value common. As of the beginning of 2024. 150 shares of preferred stock and 2,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Mareh 1 Tasue 2,500 additiona 2 ahares of compon. Jufe of record on June 15 . Auge 30 Pay the dank dividends declated on Iune 1 . Purchase 250 mharen of common treasury stock for 317 per share, Nugust 1 Parchase. 250 whares of conton treasury stock for 417 per whare. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferted Stock. Nauticai has the following beginning balances in its stockholders' equity accounts on January 1,2024 ; Pommon Stock, $2,500; Additional Paid-in Capital, $19.000; and Retained Earnings. $11,000. Net income for the year ended December 31,2024 , is $7,400. Problem 10-2B (Algo) Part 1 equired: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No]Journal Entry Required" in he first account field.) Journal entry worksheet Record the issuance of 2,500 additional shares of common stock for $20 per share. Note: Enter debits before credits, Journal entry worksheet Record the issuance of 150 additional shares of preferred stock for $35 per share. Note: Enter debits before credits, Journal entry worksheet Record the declaration of cash dividend on both common and preferred stock of $0.75 per share to all stockholders of record on June 15 . Note: Enter debits before credits. Journal entry worksheet Record the payment of the dividends declared on June 1. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 250 shares of common treasury stock for $17 per share. Note: Enter debits before credits; Journal entry worksheet Record the resale of 150 shares of treasury stock purchased on August 1 for $19 per share. Note: Enter debits before credits