Entries 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, $10 stated value (850,000 shares authorized, 580,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (58,000 shares, at cost) The following selected transactions occurred during the year: $5,800,000 1,100,000 13,170,000 812,000 Jan. 15. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $78,300. Mar. 15. Sold all of the treasury stock for $17 per share. Apr. 13. Issued 110,000 shares of common stock for $16 per share. 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 stock for the stock dividend declared on June 14, Oct. 30. Purchased 36,000 shares of treasury stock for $19 per share. Dec. 30. Declared a $0.18-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings.