Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity. accounts, with balances on January 1,20 Y 6 , are as follows: The following selected transactions occurred during the year: Required: 1. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. If required, round your answers to the nearest dollar. 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 of $1,149,500 to the retained earnings account. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar. 3. Prepare a statement of stockholders' equity for the yeat ended December 31, 20Y6. Assume that net income was $1,149,500 for the year ended December 31, 20Y6. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If there is an amount