OB).3,4,5, PR 13-4A Entries for selected corporate transactions Morrow Enterprises Inc. manu of Morrow Enterprises terprises Inc. manufactures bathroom fixtures. The stockholders' equi nc, with balances on January 1, 20Y5, are as follows: ccoun ers' equity, Common Stock, $20 stated value (500,000 shares authorized . . $7,500,000 825,000 33,600,000 450,000 375,000 shares issued) cel Treasury Stock (25,000 shares, at a cost of $18 per share) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of s0.08 per share on the common stock. The dividend al had been properly recorded when declared on December 1 of the preceding fiscal year for $28,000. Apr 10. sucd 7500 hares of common stock for $24 per share June 6. Sold all of the treasury stock for $26 per share. July 5, Declared a 4% stock dividend on common stock, to be capitalized at the mar- ket price of the stock, which is $25 per share