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[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, 370 shares of preferred stock and 4,700 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Narch 1 Issue 1,800 shares of camman stock for $49 per share. Nay 15 Purchase 470 shares of treasury stoek for $42 per share. July 10 Resel1 270 ahares of treasury stock purchased on May 15 for \$47 per share. october 15 Isaue 270 shares of preferred atock for $52 per share. December 1 Declare a cash dividend on both common and preferred atock of $1.20 per ahare to all stockholders of record on December 15. (Hint: Dividends are rot paid on treasury stock.) December 31 Pay the cash dividends declared an December 1 . Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $370; Common Stock, $47; Additional Pald-in Capltal, $79,500; and Retained Earnings, $31,900. Net income for the year ended December 31,2024 , is $12,200. Problem 10-2A (Algo) 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.)

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