Problem $10-5$A $($Algo$)$ Part $2$

$2.$ Prepare the statement of stockholders' equity for the year ended December $31,2024.($Amounts to be deducted should be indicated by a minus sign.$)$Donnie Hilfiger has two classes of stock authorized: $$1$ par preferred and $$0\mathrm{.}01$ par value common. As of the beginning of $2024,300$ shares of preferred stock and $3,400$ shares of common stock have been issued. The following transactions affect stockholders$$ equity during $2024$:

March $1$ Issue $1,100$ shares of common stock for $$36$ per share.

May $15$ Purchase $400$ shares of treasury stock for $$29$ per share.

July $10$ Resell $200$ shares of treasury stock purchased on May $15$ for $$34$ per share.

October $15$ Issue $200$ shares of preferred stock for $$39$ per share.

December $1$ Declare a cash dividend on both common and preferred stock of $$0\mathrm{.}95$ 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 Hilfiger has the following beginning balances in its stockholders$$ equity accounts on January $1,2024$: Preferred Stock, $$300$; Common Stock, $$34$; Additional Paid$-$in Capital, $$70,000$; and Retained Earnings, $$27,500.$ Net income for the year ended December $31,2024,$ is $$10,200.$