4. Total stockholders' equity, $11,262,432 Excel General Ledger PR 13-4B Entries for selected corporate transactions OBJ. 3, 4, 5, 7 Nav-Go Enterprises Inc. produces aeronautical navigation equipment. The stockholders' equity accounts of Nav-Go Enterprises Inc., with balances on January 1, 20Y3. are as follows: Common Stock, $stated value (900,000 shares authorized 620,000 shares issued)...... $3,100,000 Paid-In Capital in Excess of Stated Value-Common Stock. 1,240,000 Retained Earnings ....... 4,875,000 Treasury Stock (48,000 shares, at a cost of $6 per share) 288,000 The following selected transactions occurred during the year: Jan. 15. Paid cash dividends of $0.06 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $34,320 Mar. 15. Sold all of the treasury stock for $6.75 per share. Apr. 13. Issued 200,000 shares of common stock for $8 per share. June 14. Declared a 3% stock dividend on common stock, to be capitalized at the market price of the stock, which is $7.50 per share. July 16. Issued the certificates for the dividend declared on June 14. Oct. 30. Purchased 50,000 shares of treasury stock for $6 per share. Dec. 30. Declared a $0.08-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings Instructions 1. Enter the January 1 balances in 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 ac- counts. 3. Prepare a retained earnings statement for the year ended December 31, 2013 4. Prepare the Stockholders' Equity section of the December 31, 20Y3, balance sheet using Method 1 of Exhibit 8