Morrow Enterprises inc manufactures bathrogm foxtures, The stokholders equity accounts of Morrow Enterprises Inc., With balances on 3anuory 1,20y5, are as follows: Jan. Paid eashidividends of $0.13 per stiare on the comimpn stock. The dividend had been property recorded 22. When declared on December 1 of the preceding fiscal year for $53,820. Apfe 10. 15sued 85,000 stares of common stock for 518 per share. June Sold all of the treasury stock for s828,000. 5. $20 peristiate. Ausis. 15. Issued the certificates for the dividend dechared on Juity 5 . Woy. 23. Purchased 29,000 shares of trensury stock for 5580,002 . Dee. 28. Declartd a 30.16 per-share dividend on common stockc 31. Closed the two dividends aceodints to Retained Earminglt. Required: 1. The January 1 balances have been entered in T acoounts for the stockholders' equity accounts, Recond the above transactons in the T accounts and provide the December 31 balance where appropriate. Paid-1n Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock Paid-in Capital from Sale of Trensury Stock Stock Dlvidends Distributable Stoclt bividends 2. Journalize the entries ta record the tronsactions. If an amount box does not reguire an. entry, leave it, blank. Jan. 22. Paid cash dikiderlds of $0,33 pen strare on the cemmon etock. The dividend had beetn properiy recorded wheri decared of becember 1 of the preceding fiscal year for $53,620. Apr. 10. Fssued 85,000 shares al cominon stock lor $18. June 6. 5oid auk of the tresqury stocic for $828,000. July 5. Dechared a 55 stogk dividend on comimon stock, ta be capitalized ati the market grice of the stock, which is $20 pee share. Au9. 15. isued the certificates for the dindend deciared on haly 5 Nov, 23. Purctused 29,000 stuares of treaiury stock far $560,000. Dec. 28. Deciared a \$9.16-per-stharo dividend on cominon stock Dec. 31. Gosed the two cividends accounts to Retained Earmingr. Enterprisas Inc. had nat incame for the year erded December 31, 2015, of 510,959,000. 4. Prepare the Stockholders' Equity section of the December 32. 20r5, halanca sheef