Question not ettempted. Morow Enterprises ine Suwment of Silocholders' Equiry (Lisee) Required: 1. Enter the January 1 balances in T accounts for the stockholders' equity accounts histed. 2. Joumalize the entries to record the transactions, and post to the eight selected accounts. Assume that the closing entry for revencies and expenses has been made and post net income of \\$1, 125,000 to the retained earnings account. 3. Propare a statement of stackholders' equity for the year ended December 31, 20 Y6. Assume that net income was \\( \\$ 1,125,000 \\) for the year ended December \\( 31,20 \\mathrm{YG} \\). 4. Prepare the 'Stockholders' Equity\" section of the December 31, zo Y6, balance sheet. 4. Prepare the \"Stockholders' Equily' section of the December 31, 20Y6, balance sheet. Stockholders' Equity instructions Question not attempted. T Accounts Treasury Stock Paid-In Capital from Sale of Treasury Stock Stock dividends Distributable Stock dividends Cash Dividends Feedback