[The following information applles to the questions displayed below] Donnle Hifiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,100 shares of preferred stock and 2,900 shares of common stock have been issued. The following transactons affect stockhoiders' equity during 2024 : March 1 Issue 1,200 shares of common stock for 331 per share. Nay 15 Purchase 500 shares of treasury stock for 524 per share. july 10 Resell 300 shares of treasury stock purchased on May 15 for 329 per share. october 15 issue 300 shares of preferred stock for 334 per share. Deceaber 1 Declare a cash dividend on both comon and preferred stock of se.se per share to all stockholders of recond on Decenber 15. (Hint: Dividends are not paid on treasury stock.) Decenber 31 pay the cash dividends declared on Deceaber 1. Donnle Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$100, Common Stock, \$29, Additional Paid-in Capital, $65,000, and Retained Earnings, $25,000 Net income for the year ended December 31,2024,15$9,700. Taking into consideration the beginning balances on January 1. 2024 and all the transactions during 2024, respond to the following for Donne Hiliger Problem 10.5A (Algo) Part 1 Required: 1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2024. (Amounts to be deducted should be Indicated by o minus sign.) [The following information applies to the questions displayed below] Donnle Hifiger has two classes of stock authorized: $1 par preferted and $0.01 par value common. As of the beginning of 2024. 100 shates of preferred stock and 2900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 Warch 1 Issue 1 , 2 2ee shares of common stock fer 531 pen share. kay 15 purchase see shares of treasury stock for 524 per share. July 10 kesell 300 shares of treasury stock purchased on Nay 15 for 329 per share. october 15. issue aee shares of preferred stock for 134 per share. Decenber 1 beclare a cash dividend on both comon and preferred stock of se. se per share to all stockholders of record on Decenber 15. (inint: Dividends are not paid on treasury stock.) becember 31 Pay the cash dividends declared on Decenber 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$100, Common Stock, \$29. Additional Paid-in Capital, \$65,000; and Retained Earnings, 525,000 . Net Income for the year ended December 31, 2024, is $9,700 Taking into consideration the beginning balances on January 1,2024 and all the transacvons during 2024, respond to the following for Donnte Hitfiger Problem 10-5A (Algo) Part 2 2. Prepare the statement of stocknolders' equity for the year ended December 31, 2024. (Amounts to be deducted should be Indiceted by o minus sign.)