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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 2024,340 shares of preferred stock and 4,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 Issue 1,500 shares of common stock for $46 per share. May 15 Purchase 440 sharen of treasury stock for $39 per share. July 10 Resell 240 nhares of treasury stock purchased on May 15 for $44 per share. october 15 Issue 240 ahares of preferred stock for $49 per share. December 1 Declare a cash dividend on both comenon and preferred stock of $0.90 per share to all stoekholders of record on Decenber 15. (Hint; Dividends are not paid on treasury stock.) December 31 pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stpckholders' equity accounts on January 1, 2024: Preferred Stock, $340; Common Stock, \$44; Additional Paid-in Capital, $78,000; and Retained Earnings, \$31,300. Net income for the year ended December 31,2024 , is $11,600. 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.)

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