question 1 and 2 please

126% Tv T Ev + . mo tot NE HE (?) 4. Chapter 11 Worksheet Nautical has two classes of stock: $10 par value preferred stock and $1 par value common stock. At the beginning of the year Nautical had the following: 100,000 shares of preferred stock authorized, 100 shares issued /outstanding and 1,000,000 shares of common stock authorized, 2,000 shares issued/outstanding. The following transactions affect stockholders' equity during the year: 3/1 Issue 2,000 additional shares of common stock for $15 per share 4/1 Issue 200 additional shares of preferred stock for $30 per share 6/1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on June 15 6/30 Pay the cash dividend declared on June 1 8/1 Repurchase 200 shares of common stock for $12 per share 10/1 Reissue 100 shares of treasury stock purchased on 8/1 for $14 per share Nautical has the following beginning balances in its stockholders' equity accounts on January 1t: Preferred stock Common Stock Additional Paid in Capital Retained Earings $1,000 $2,000 $18,500 $10,500 #*#0 Net income for the year was $7,150. Question 1: Indicate whether each of these transactions would increase, decrease, or have no effect on total assets, total liabilities, and total stockholders' equity. Transaction Total Assets Total Liabilities Total Stockholders' Equity Issue Common Stock Issue Preferred Stock Declare cash dividends Pay cash dividends Purchase treasury stock Reissue treasury stock Question 2: Record the journal entries for all the transactions from March 1st to October 1st 8276