TB PR Qu$.10-180($Algo$)$ Sweet Sixteen has two classes of stock authorized:...

Sweet Sixteen has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,100$

shares of preferred stock and $2,600$ shares of common stock have been issued. The following transactions affect stockholders' equity

during $2024$:

March $1$ Issue $2,600$ additional shares of common stock for $$14$ per share.

April $1$ Issue $200$ additional shares of preferred stock for $$36$ per share.

June $1$ Declare a cash dividend on both common and preferred stock of $$0\mathrm{.}45$ per share to all stockholders of record on June $15.$

June $30$ Pay the cash dividends declared on June $1.$

August $1$ Purchase $200$ shares of common treasury stock for $$11$ per share.

October $1$ Reissue $100$ shares of treasury stock purchased on August $1$ for $$13$ per share.

Sweet Sixteen has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$1,000$;

Common Stock, $$2,600$; Additional Paid$-$in Capital, $$19,100$; and Retained Earnings, $$11,100.$ Net income for the year ended December

$31,2024,$ is $$7,450.$

Required:

Record each of these transactions.

Select whether each of the following transactions increases $(+)$ or decreases $(-)$ total assets, total liabilities, and total stockholders'

equity.