Eureka Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Eureka Enterprises Inc., with balances on January 1, 2008, are as follows:

The following selected transactions occurred during the year:

{Instructions}
1. Enter the January 1 balances in \(\mathrm{T}\) accounts for the stockholders' equity accounts listed. Also prepare T accounts for the following: Paid-In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends.
2. Journalize the entries to record the transactions, and post to the eight selected accounts 3. Prepare a retained earnings statement for the year ended December 31, 2008 4. Prepare the Stockholders' Equity section of the December 31, 2008, balance sheetobjs. 2, 3, 4, 6

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Common Stock, $10 stated value (500,000 shares authorized, 380,000 shares issued) $3,800,000 Paid-In Capital in Excess of Stated Value Retained Earnings. 760,000 4,390,000 Treasury Stock (25,000 shares, at cost) 500,000