Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom features. The stockholders' equity accounts of Morrow Enterprises Inc with balances on January 1, 2045, are as follows: Common Stock $10 stated value (450,000 shares authorized, 300,000 shares i ed) $3,000,000 Paid In Capital in Excess of Stated Value-Common Stock 550,000 and Earnings 6,810,000 Treasury Stock (30,000 shares, cost) The following selected transactions occurred during the year Jan. 22. Paid cash dividends of $0.13 per share on the common stock. The dividend had been properly recorded when dered on December 1 of the preceding fiscal year for $35,100. Apr. 10. Issued 55,000 shares of common stock for $990,000 June 6. Sold all of the treasury stock for $510,000 July 5. Declared stock dividend on common stock, to be captured at the market price of the stock, which is 20 per share Aup. 15. l ed the certificates for the dividend declared on Now. 23. Purchased 19.000 es tresury stock for $361.000 Dec. 21. Declareda 0.16 hedend o 31. Closed the two dividends accounts to Retained Earnings Required: accounts and provide the December 11 balance where appropriate 1. The January balances have been entered T accounts for the stockholders equity accounts. Record the above transactions in the