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Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021 100 shares of preferred

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Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021 100 shares of preferred stock and 2,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 Warch 1 I. c. 2,900 additional shares of common stock for $11 per share. April 1 Inne 200 additional shares of preferred stock for $39 per share. June 1 Declare a cash dividend on both comon and preferred stock of $0.30 per share to 11 stockholders of record on June 15. June 30 Pay the cash dividende declared on June 1. August 1Purchase 200 shares of common treasury stock for $per share. October 1 Malene 100 mhares of treasury stock purchased on August 1 for $10 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $1,000; Common Stock, $2,900; Additional Paid-in Capital, $19,400; and Retained Earnings, $11,400. Net Income for the year ended December 31, 2021, is $7,600. 1 Record the Issuance of 2,900 additional shares of common stock for $11 per share. 2 Record the Issuance of 200 additional shares of preferred stock for $39 per share. 3 Record the declaration of cash dividend on both common and preferred stock of $0.30 per share to all stockholders of record on June 15. 4 Record the payment of the dividends declared on June 1. 5 Record the purchase of 200 shares of common treasury stock for $8 per share. 6 Record the resell 100 shares of treasury stock purchased on August 1 for $10 per share. Nautical has two classes of stock authorized: S10 par preferred, and $1 par value common. As of the beginning of 2021. 100 shares of preferred stock and 2,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2027 March 1 Ise 2,900 additional shares of common stock for $11 per share. April 1 s 200 additional shares of preferred stock for $39 per share. 1 Declare a cash dividend on both common and preferred toek of $0.30 per share to all stockholders of record on June 15. June 30 Pay the cash dividenda declared on June 1. August 1Purchase 200 shares of common tresty stock for $9 per here. October 1 Raise 100 shares of tresury stock purchased on August 1 for $10 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2020: Preferred Stock, $1,000; Common Stock $2,900; Additional Paid-in Capital, $19,400, and Retained Earnings, $11,400. Net Income for the year ended December 31, 2021, is 57,600. 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.) Total Total Assets Total abilities tockholders Equity Transaction Inoue common stock Issue preferred stock Declare cash dividends Pay cash dividonds Purchase treasury stock Reissue treasury stock

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