Entnes for Selected Corporate Transactions Nav. Go Enterprises Inc produces aeronautical navigation equipment. Nav Go Enterprises stockholders equity accounts, with balances on January 1, 2011, are as follows Common Stock. $stated value (900,000 shares authored, 620,000 shares issued) $3,100,000 Paid In Capital in Excess of Stated Value-Common Stock 1,240,000 Retained Earings 4,875,000 Treasury Stock (48,000 shares, a cost) 288,000 The following seleded 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 of the preceding fiscal year for 521,320 Mar 15 Sold wall of the treasury stock for $6.75 per share Apr 13 Iscued 200,000 shares of common stock for $5 per share Jane 14. Declared 3 stock dividend on common stock, to be capitaired at the market price of the stock, which is $7.50 per share July 16 sued stock for stock dividend dedared on June 14, Oct 20 purchased 50,000 shares of treasury stock for $6 per share Dec. 30. Declared an 30.0B per she dividend on common stock 31: Closed the two dividends accounts to Retained Earringt. Required: 1. The January balances in accounts for the stockholders equity accounts been listed below accounts for the following accounts have also been created: Paid in Cape from Sale of Treasury Stock Stock Dividende Distributable Stock Dividends Cash Divided eBook 3. Prepare a statement of stockholders' equity for the year ended December 31, 2071. Assume that net income was $775,000 for the year ended December 31, 2011. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If an amount box does not require an entry leave it blank or entero How Gantennises inte Statement of Stockholde quity for the Year Ended Dumber, 2011 Paid in Capital in Paldin Excess of Capital from Sale of State Value Treasury Stock 1,240,000 Treasury Retained Earnings Total Stock Common Stock 3,100,000 1,000,000 600,000 Issed common stock Nenom 123,000 61,500 Cashid dividende Sale of Treasury Sladke Purchase Treasury Stod 36,000 4,221,000 1,901,500 Balance Decent which must enter subtraded or negative numbers use a mission