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Required information [The following information applies to the questions displayed below] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,490 shares of preferred stock and 5,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 Mareh 1 tanse 3 ; 000 aharen of conen itoek for $61 per ahare. Kay 15 Purchise 590 aheres of treasury stock for 554 par share. July 10 Nenel1 390 share of treasury atoek purehnsod on May 15 for 559 par ahare. Oetober 15 fanue 390 shares of preferred atock for 564 par ahare. of record on Decesber is. (Mint, Dividends are sot paid on treasury ntoek, ) Decenber 31 pay the canh dividends deelared on Decester 1. Donnie Hilfiger has the following beginning bolances in its stockbolders' equity accounts on January 1, 2024: Preferred Stock, \$490; Common Stock, \$59; Additional Paid in Capital, \$85,500; and Retained Eamings, \$34,300. Net income for the year ended December 31,2024 , is $14,600. tequired: Record each of these transactions. Of no entry is required for a particular transaction/event, solect "No Journal Entry Required" in he first account field.) Journal entry worksheet 234557 Record the issuance of 3,000 shares of common stock for 361 per share. Nipte. Enter detiti before crectes

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