Question: I need help solving this problem Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the

I need help solving this problem I need help solving this problem Donnie Hilfiger has two classes of

Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Mareh 1 Issue 2,400 shares of comson stock for 555 per share. May 15 Purchase 530 shares of treasury stock for $48 per share. July 10 Resel1 330 shares of treasury stock purchased on May 15 for $53 per share. october 15 Issue 330 shares of preferred stock for $58 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.80 per share to all stockholders of record on December 15. (Hintt Dividends are not paid on treasury thtock.) December 31 Pay the cash dividends declared on December 1. Donnie Hifiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $430; Common Stock, \$53; Additional Paid-in Capital, $82,500; and Retained Earnings, $33,100. Net income for the year ended December 31,2024 , is $13,400. 2. Select whether each of the following transactions increases (+) or decreases () total assets, total liabilities, and total stockholders' quity. (If none of the categories apply for a particular item, leave the cell blank.)

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