Entries for Selected Corporate Transactions. Moerow Enterprises tnc. manufactures bathroom fixtures. The stockhoiden' equity socounts of Morrow Enterprises Inc, with balances on Jahuary 1 , 20y5, are as follows: Jen. 22. Paid cash dividends of s0.14 per share en the common stock. The dividend had been property recorded when deelared on December 1 of the preceding fiveal year for $63,000. Ape, 10. Issued 95,000 shares of commen stock for $1,520,000. June 6 . 5oid all of the treasury stock for $900,000. July 5. Declared a 4% stock dividend on common stock, to be capitalised at the market price of the stock, which is 518 per share Aag 15. Issued the certificates for the dividend dodared on July 5. Nov. 23 . Purchased 31,000 shures of treasury stock for $620,000. Dec. 28. Declered a so.17-per-shise dividend on commen stock. 31. Closed the credit balance of the income summary account, $11,804,000. 31. Closed the two dividends accounts to Retained Earnings. where appropriate. Paid-In Capital in Excess of Stated Value-Commen start Paid-In Capital in Excess of Stated Value-Common Stock Paid-In Capital from Sale of Treasury Stock Stock Dividends Cash Dividends Deci20= Apr, 10. - I wued 55,000 shares of chetrtens steck for $1,520,000 June 6. Sold as of the freasury atodk for $900,060 July 5. Deciared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. Aug. 15. Issued the certificates for the dividend declared on July 5. Nov, 23. Purchased 31,000 shares of treasury stock for $620,000. Dec. 28. Dedared a 50.17 -per-share dividend on common stock. Dec. 31. Closed the credit balance of the income summary account, $11,804,000. Dec. 31. Closed the two dividends accounts to Retained Earnings. $11,004,000. 4. Prepure the Stockholders' Equity section of the December 31, 20rs, balance sheet. 4. Prepare the Stockholders' Equity section of the December 31,20Y5, balance sheet