please please please answer part 1-2

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Required information Problem 10-2B Record equity transactions and indicate the effect on the balance sheet equation (LO10-2, 103,104,105) [The following information applies to the questions displayed below.] Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021 , 100 shares of preferred stock and 2,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 : March 1 Issue 2,600 additional shares of comen stock for 514 per share. April 1 Issue 200 additional shares of prefelred stock for $36 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.45 per 5 . 5 . 1 to all stockholders of record on June 15 . June 30 Pay the cash dividends declared on June 1 . August 1 Purchase 20B shares of connon treasury stock for $11 per share. Qctober 1 Reissue 100 shares of treasury stock purchased on August 1 for $13 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock. \$1,000; Common Stock, \$2,600; Additional Paid-in Capital, \$19,100; and Retained Earnings, \$11,100. Net income for the year ended December 31, 2021, is $7,450. 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.) . Journal entry worksheet (2) (3) (4) Record the issuance of 2,600 additional shares of common stock for $14 per share. Note: Enter debits before credits. 2. Select whether each of the following transactions increases (+) or decreases () total assets, total liabilities, and total stockholde equity, (If none of the categories apply for a particular item, leave the cell blank.)