Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2015, 125 shares of preferred stock and 3,000 shares of common stock have been issued. The following transactions affect stockholders€™ equity during 2015:
March 1 Issue 3,000 additional shares of common stock for $10 per share.
April 1 Issue 175 additional shares of preferred stock for $40 per share.
June 1 Declare a cash dividend on both common and preferred stock of $0.25 per share to all stockholders of record on June 15.
June 30 Pay the cash dividends declared on June 1.
August 1 Purchase 175 shares of common treasury stock for $7 per share.
October 1 Reissue 125 shares of treasury stock purchased on August 1 for $9 per share.
Nautical has the following beginning balances in its stockholders€™ equity accounts on January 1, 2015: Preferred Stock, $1,250; Common Stock, $3,000; Additional Paid-in Capital, $19,500; and Retained Earnings, $11,500. Net income for the year ended December 31, 2015, is $7,650.

Required:
1. Record each of these transactions.
2. Indicate whether each of these transactions would increase (+), decrease (€“), or have no effect (NE) on total assets, total liabilities, and total stockholders€™ equity by completing the followingchart.

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Total Assets Total Liabilities Total Stockholders Equity Transaction Issue common stock Issue preferred stock Declare cash dividends Pay cash dividends Purchase treasury stock Reissue treasury stock