Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders' equity accounts, with balances on January 1, 20Y1, are as follows: Common Stock, $10 stated value (550,000 shares authorized, 380,000 shares issued) $3,800,000 Paid-In Capital in Excess of Stated Value-Common Stock 700,000 Retained Earnings 8,630,000 Treasury Stock (38,000 shares, at cost) 532,000 The following selected transactions occurred during the year: Jan. 15. Pald cash dividends of $0.14 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $47,880. Mar. 15. Sold all of the treasury stock for $17 per share. Apr. 13. Issued 70,000 shares of common stock for $1,120,000. June 14. Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. July 16. Issued shares of stock for the stock dividend declared on June 14. Oct. 30. Purchased 24,000 shares of treasury stock for $19 per share. Dec. 30. Declared a $0.17 per share dividend on common stock 31. Closed the two dividends accounts to Retained Earnings. 3. Prepare a statement of stockholders' equity for the year ended December 31, 2011. Assume that net income was $8,975,000 for the year ended December 31, 20Y1. 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 enter "0". Nav-Go Enterprises Inc For the Year Ended December 31, 2011 Pald-In Capital in Excess of Stated Value Paid-In Capital from Sale of Treasury Stock Common Stock Retained Earnings Treasury Stock Total