Problem $10-2$B $($Static$)$ Record equity transactions and indicate the effect on the balance sheet equation $($LO$10-2,10-3,10-4,10-5)$

Nautical has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,125$ shares of preferred stock and $3,000$ shares of common stock have been issued. The following transactions affect stockholders$$ equity during $2024$:

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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 $$0\mathrm{.}25$ per share to all stockholders of record on June $15.$June $30$Pay the cash dividends declared on June $1.$August $1$Purchase $175$ shares of common treasury stock for $$7$ per share.October $1$Resell $125$ shares of treasury stock purchased on August $1$ for $$9$ per share.

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Nautical has the following beginning balances in its stockholders$$ equity accounts on January $1,2024$: Preferred Stock, $$1,250$; Common Stock, $$3,000$; Additional Paid$-$in Capital, $$19,500$; and Retained Earnings, $$11,500.$ Net income for the year ended December $31,2024,$ is $$7,650.$

Problem $10-2$B $($Static$)$ Part $1$

Required:

$1.$ Record each of these$$transactions$.$

$2.$ Select whether each of the following transactions increases $(+)$ or decreases $()$ total assets, total liabilities, and total stockholders' equity.