JUST DO #3 THEE STATEMENT OF STOCKHOLDERS EQUITY. i tried to answer it(see last photo)

Morrow Enterprises Inc manufactures bathroom fixtures Morrow Enterprises stockholders equity accounts, with balances on January 1, 2016, are as follows: $ 7500,000 825,000 Common Stock, $20 stated value (500,000 shares authorized 375,000 shares issued) Pald-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (25.000 shares, at cost) 33.600.000 450,000 The following selected transactions occurred during the year Jan 22 Apr 10 Paid cash dividends of 50.08 per share on the common stock. The dividend had been property recorded 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 525 per share Jun 6 Jul 5 TAccount Jouma structions w VO Jun 6 Jul 5 Aug 15 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 525 per share Issued shares of stock for the Stock dividend declared on July 5. Purchased 30,000 shares of treasury stock for $19 per share Declared a $0.10-per-share dividend on common stock Closed the two dividends accounts to Retained Earnings . 23 Dec 28 31 Required: 1. Enter the January 1 balances in Taccounts for the stockholders equity accounts usted 2. Journalize the entries to record the transactions, and post to the eight selected accounts Assume that the closing entry for revenues and expenses has been made and post net income or 51.125,000 to the retained earnings account Refer to the Chart of Accounts for exact wording of accountries 3. Prepare a Prepare a statement of stockholders' equity for the year ended December 31, 2016. Assume that net income was 81 125,000 for the year ended December 31, 2016. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If there is an amount is zero, enter"0" ate transactions instructions Chart of Acco Amount Descriptions ITAccounts Instructions Amount Descriptions Amount Descriptions Balances, January 1 Balances, December 31 Cash dividends Common stock, $20 stated value (500,000 shares authorized, 468,000 shares issued) Excess of issue price over stated value From sale of treasury stock Issued common stock Net Income Net loss Purchase of treasury stock 2 eBook Fies for selected corporate transactions Instructions Chart of Accounts Amount Descriptions: Instructions Amount Descriptions 15 SUCULTIUIT SIOUN Net income Net loss Purchase of treasury stock Sale of treasury stock Stock dividends Retained Earnings Total Total paid-in capital Total stockholders' equity Treasury stock (30,000 shares at cost) 3. Prepare a Prepare a statement of stockholders equity for the year ende year ended December 31, 20Y6 For those boxes in which you must enter amount is zero, enter " Chart of Accounts Antount Doctor Statement of Stockholders' Equity For the Year Ended December 31, 2016 Common Stock Reclined Earnings Tiary Sock Paid Capital Es of Stated Valur $825.000.00 300.000.00 Paldis from Sale of Toy Stock 50.00 37.500.000.00 553.600.000.00 1 Bilances January 1 1 issued common stock 5450.000.00 S41.475.000 1.500.000,00 1.800.000.00 + Purchase of treasury stock 570.000.00 sale of treasury stock 200.000,00 stock dividends 360.000,00 90,000.00 1450.000.00) cash dividends I Net Income 1.1.25.000.00 54443700,00 $9,360.000.00 $121.000.00 5200,000.00 554231.200.00 $570.000.00