$1$ Required information Problem $10-2$B $($Algo$)$ Record equity transactions and indicate the effect on the balance sheet equation $($LO$10-2,10-3,10-4,10-5)[$The following information applies to the questions displayed below.$]$ Nautical has two classes of stock authorized: $\backslash$$$10$ par preferred, and $\backslash$$$1$ par value common. As of the beginning of $2024,150$ shares of preferred stock and $1,000$ shares of common stock have been issued. The following transactions affect stockholders' equity during $2024$: March $1$ Issue $1,000$ additional shares of common stock for $\backslash (\backslash$$ $10\backslash )$ per share. April $1$ Issue $150$ additional shares of preferred stock for $\backslash (\backslash$$ $20\backslash )$ per share. June $1$ Declare a cash dividend on both common and preferred stock of $\backslash (\backslash$$ $0\mathrm{.}25\backslash )$ per share to all stockholders of record on June $15.$ June $30$ Pay the cash dividends declared on June $1.$ August $1$ Purchase $250$ shares of common treasury stock for $\backslash (\backslash$$ $7\backslash )$ per share. October $1$ Reissue $150$ shares of treasury stock purchased on August $1$ for $\backslash (\backslash$$ $9\backslash )$ per share. Nautical has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $\backslash$$$1,500$; Common Stock, $\backslash$$$1,000$; Additional Paid$-$in Capital, $\backslash$$$17,500$; and Retained Earnings, $\backslash$$$9,500.$ Net income for the year ended December $31,2024,$ is $\backslash (\backslash$$ $6,650\backslash ).$ Problem $10-2$B $($Algo$)$ Part $1$ Required: $1.$ Record each of these transactions. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)2.$ 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 AssetsTotal LiabilitiesTotal Stockholders' Equity