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 1100 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 $8.30 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 como treasury stock for 58 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 Pald-in Capital, $17.600; and Retained Earnings. $9,600. Net Income for the year ended December 31, 2021, is $6,700. Answer is not complete. No General Journal Date March 01, 2021 Credit 1 Cash Additional Paid-In Capital Debit 12.100 > >> 1,100 2 April 01, 2021 Cash Preferred Stock Additional Paid-In Capital 3 June 01, 2021 Dividends Dividends Payable 00 00 4 June 30, 2021 Dividends Payable Cash 5 August 01, 2021 Treasury Stock Cash 0 October 01, 2021 Cash Treasury Stock Additional Paid-in Capital colo