Nav$-$Go Enterprises Inc. produces aeronautical navigation equipment. Nav$-$Go Enterprises' stockholders' equity accounts, with balances on January $1,20Y1,$ are as follows:

Common Stock, $$5$ stated value $(900,000$ shares authorized, $620,000$ shares issued$)$ Paid$-$In Capital in Excess of Stated Value$-$Common Stock Retained Earnings

Treasury Stock shares, at cost$)$

$$3,100,000$

$1,240,000$

$4,875,000$

$288,000$

The following selected transactions occurred during the year:

Jan. $15.$ Paid cash dividends of $$0\mathrm{.}06$ per share on the common stock. The dividend had been properly recorded when declared on of the preceding fiscal year for $$34,320.$

Mar. $15.$ Sold all of the treasury stock for $$6\mathrm{.}75$ per share.

Apr. $13.$ Issued $200,000$ shares of common stock for $$8$ per share.

June $14.$ Declared a $3\%$ stock dividend on common stock, to be capitalized at the market price of the stock, which is $$7\mathrm{.}50$ per share

July $16.$ Issued stock for stock dividend declared on June $14.$

Oct. $30.$ Purchased $50,000$ shares of treasury stock for $$6$ per share.

Dec. $30.$ Declared an $$0\mathrm{.}08-$per$-$share dividend on common stock.

$31.$ Closed the two dividends accounts to Retained Earnings.

Required:

The January $1$ balances in $T$ accounts for the stockholders' equity accounts have been listed below. T accounts for the following accounts have also been created: Paid$-$In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends.