Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment Nave-Go Enterprises stockholders esty accounts, with balances on January 1, 2013, are as follows Common Stock $5 stated value (900,000 shares authorized, 620,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (48,000 shares, at cost) The following selected transactions occurred during the year $3,100,000 1,240,000 4,875,000 288,000 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 wis Sold all of the treasury stock for $6.75 per share A 13 Issued 200,000 shares of common stock for $5 per share 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 wis Issued stock for stock dividend declared on June 14 o Purchased 50,000 shares of treasury stock for $6 per share 30 Declared an $0.08-per-share dividend on common stock Cosed the two dividends accounts to Retained Earings Required: 1. The January 1 balances in T accounts for the stockholders' equity accounts have been sated below. T accounts for the following accounts have also been created Ped-In Cap Distributable Stock Dividends: Cash Dividends Common Stock Paid-In Capital in Excess of Stated Value-Common Stock Sale of 1 ury Stack, Stock Dividends