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: The following selected transactions occurred during the year: Jan. 15. Paid cash dividends of $0.12 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $23,760. Mar. 15. Sold all of the treasury stock for $17 per share. Apr. 13. Issued 40,000 shares of common stock for $720,000. June 14. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $20 per share. July 16. Issued shares of stock for the stock dividend declared on June 14. Oct. 30. Purchased 14,000 shares of treasury stock for $19 per share. Dec. 30. Declared a \$0.15-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. 1. The January 1 balances have been entered in T accounts for the stockholders' equity accounts. Record the above transactions in the T accounts and provide the December 31 balance where appropriate. If required, round to one decimal place. \begin{tabular}{lr|rrr} \multicolumn{5}{c}{ Treasury Stock } \\ \hline Jan. 1 Bal. & 308,000 & Mar. 15 & \\ Oct. 30 & & & \\ \hline Dec. 31 Bal. & 266,000 & & & \\ \hline \end{tabular} Paid-In Capital from Sale of Treasury Stock \begin{tabular}{l|ll} \hline & Mar. 15 & 66,000 \end{tabular} Stock Dividends Distributable Stock Dividends \begin{tabular}{ll|l|l|l|} \hline June 14 & 208,000 & Dec. 31 & 208,000 & \end{tabular} Cash Dividends 2. Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 15. Paid cash dividends of $0.12 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $23,760. Mar. 15. Sold all of the treasury stock for $17 per share. Apr. 13. Issued 40,000 shares of common stock for $720,000 June 14. Declared a 5% on common stock, to be capitalized at the market price of the stock, which is $20 per share. July 16. Issued stock for stock dividend declared on June 14. Oct. 30. Purchased 14,000 shares of treasury stock for $19 per share. Dec. 30. Declared a $0.15-per-share dividend on common stock. Dec. 31. Closed the two dividends accounts to Retained Earnings. 3. Prepare a statement of stockholders' equity for the year ended December 31,20Y1. Assume that net income was $5,190,00 For those boxes in which you must enter subtracted or negative numbers use a minus sign. If an amount box does not require 3. Prepare a statement of stockholders' equity for the year ended December 31,20Y1. Assume that net income was $5,190,000 for the year ended December 31,20Y1. For those boxe 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