Required information Problem 10-2B Record equity transactions and indicate the effect on the balance sheet equation (L010-2, 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 1700 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 1,700 additional shares of common stock for $10 per share. April 1 Issue 175 additional shares of preferred stock for $27 per share June 1 Declare a cash dividend on both common and preferred stock of $0.65 per share to all stockholders of record on June 15 June 30 Pay the cash dividends declared on June 1. August 1Purchase 175 shares of common treasury stock for $15 per share. October 1 Reissue 125 shares of treasury stock purchased on August 1 for $17 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021 Preferred Stock $1,250; Common Stock, 51.700; Additional Paid in Capital $18,200, and Retained Earnings. $10.200. Net income for the year ended December 31, 2021, is $7.000 Problem 10-2B 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.) Transaction Total Total Assets Total Liabilities Stockholders Equity Issue common stock Istue preferred stock Declare cash dividends Pay cash dividends Purchase treasury stock Reissue treasury stock