Journalize the entries to record the transactions. Identify each entry by letter. PR 12-4A Entries for selected corporate transactions Obj. 2, 3, 4, 6 4. Total Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' Iders' equity, equity accounts, with balances on January 1, 20Y6, are as follows: $44,436,200 Common Stock, $20 stated value (500,000 shares authorized, 375,000 shares issued).....$7,500,000 825,000 33,600,000 Retained Earnings 450,000 GEMERAL LEDGER Treasury Stock (25,000 shares, at cost) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.08 per share on the common stock. The dividend had been properly recorded Apr. June July 10. 6. 5, when declared on December 1 of the preceding fiscal year for $28,000. Issued 75,000 shares of common stock for $24 per share. Sold all of the treasury stock for $26 per share. Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $25 per share. Aug. 15. Issued shares of stock for the stock dividend declared on July 5 Nov. 23. Purchased 30,000 shares of treasury stock for $19 per share. Dec. 28. Declared a $0.10-per-share dividend on common stock. Closed the credit balance of the income summary account, $1,125,000. Closed the two dividends accounts to Retained Earnings. 31. 31. Instructions 1. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. Also prepare T accounts for the following: Paid-In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends. 2. Journalize the entries to record the transactions, and post to the eight selected accounts 3. Prepare a retained earnings statement for the year ended December 31, 20Y6. 4. Prepare the Stockholders' Equity section of the December 31, 20Y6, balance sheet