Which of the following is correct regarding the Accounting for Treasury Stock transactions? Treasury Stock is reported in the Balance Sheet in the Liabilities Section Treasury Stock increases Total Stockholder's Equity Treasury Stock decreases Total Stockholder's Equity The purchase and sale of Treasury Stock reduces Net Income in the Income Statement D y Question 24 2 pts Annette Corporation issues 1,000 shares of 6%, $100 Par Value Preferred Stock at the Beginning of 2021. All remaining shares are Common Stock. Annette Corporation was not able to pay Dividends in 2021 but plans to pay Dividends of $18,000 in 2022. Assuming the Preferred Stock is noncumulative, how much of the $18,000 Dividends will be paid to the Preferred Stockholders and how much will be paid to the Common Stockholders in 2022 or $6,000 to the Preferred Stockholders and $12,000 to the Common Stockholders. $12,000 to the Preferred Stockholders and $6,000 to the Common Stockholders $18,000 to the Preferred Stockholders and $0 to the Common Stockholders $9,000 to the Preferred Stockholders and $9,000 to the Common Stockholders