Required information Problem 10-2B (Algo) Record equity transactions and indicate the effect on the balance sheet equation (LO10-2, 10-3, 10-4, 10-5) [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 2024 , 150 shares of preferred stock and 1,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 1,000 additional shares of eommon atock for $10 per share. April 1 Issue 150 additional shares of preferred stock for, $20 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.25 per shere to all stockholders of record on June 15 . Jane 30 Pay the cash dividends declared on June 1. August 1 Purchase 250 shares of comson treasury stock for $7 per share. October 1 Reissue 150 shares of treasury stock purchased on august 1 for $9 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $1,500; Common Stock, \$1,000; Additional Paid-in Capital, \$17,500; and Retained Earnings, \$9,500. Net income for the year ended December 31,2024 , is $6,650. Problem 10-2B (Algo) Part 2 2. Select whether each of the following transactions increases ( +) or decreases ( - ) total assets, total liabilities, and total stockholders' equity. (If none of the categories apply for a particular item, leave the cell blank.)