Required information Problem 10-2B 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 2021, 125 shares of preferred stock and 1,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,100 additional shares of common stock for $11 per share. April 1 Issue 175 additional shares of preferred stock for $21 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.30 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 $8 per share. October 1 Reissue 125 shares of treasury stock purchased on August 1 for $10 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $1,250; Common Stock, $1,100; Additional Paid-in Capital, $17,600; and Retained Earnings, $9,600. Net income for the year ended December 31, 2021, is $6,700. Problem 10-2B Part 1 OL VOICI al Ullal UL UIU 1 March 01, 2021 Cash Common Stock Additional Paid-In Capital April 01, 2021 Cash Preferred Stock Additional Paid-In Capital 3 June 01, 2021 Dividends Dividends Payable June 30, 2021 Dividends Payable Cash August 01, 2021 Treasury Stock Cash 6 October 01, 2021 Cash Treasury Stock | Additional Paid-In Capital