If u can explain that would be great

The following information applies to the questions displayed below Donnie Hilifiger has two ciasses of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2018, 360 shares of preferred stock and 4,600 shares of common stock have been issued. The following transections affect stockholders' equity during 2018: March 1 Issues 1,700 shares of common stock for $48 per share. May 15 Purchase 460 shares of treasury stock for $41 per share. July 10 Reissues 260 shares of treasury stock purchased on May 15 for $46 per share October 15 Issues 260 shares of preferred stock for $51 per share. December 1 Declare a cash dividend on both common and preferred stock of $110 per share to all stockholders of record on December 15. (Hint Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1 Donnie Hilfliger has the following beginning balances in its stockholders' equity accounts on January 1,2018: Preferred Stock, $36d Common Stock, $46: Additional Paid-in Capital, $79,000; and Retained Earnings $31,700. Net income for the year ended December 31, 2018, is $12.000