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. If required, round to one decimal place.

Common Stock

Transaction Debit amount Transaction Credit amount

Jan. $1$ Bal. $3,100,000$

fill in the blank $2$

fill in the blank $4$

Dec. $31$ Bal. fill in the blank $5$

Paid$-$In Capital in Excess of Stated Value$-$Common Stock

Transaction Debit amount Transaction Credit amount

Jan. $1$ Bal. $1,240,000$

fill in the blank $7$

fill in the blank $9$

Dec. $31$ Bal. fill in the blank $10$

Retained Earnings

Transaction Debit amount Transaction Credit amount

fill in the blank $12$

Jan. $1$ Bal. $4,875,000$

fill in the blank $14$

Dec. $31$ Bal. fill in the blank $15$

Treasury Stock

Transaction Debit amount Transaction Credit amount

Jan. $1$ Bal. $288,000$

fill in the blank $17$

fill in the blank $19$

Dec. $31$ Bal. fill in the blank $20$

Paid$-$In Capital from Sale of Treasury Stock

Transaction Debit amount Transaction Credit amount

fill in the blank $22$

Stock Dividends Distributable

Transaction Debit amount Transaction Credit amount

fill in the blank $24$

fill in the blank $26$

Stock Dividends

Transaction Debit amount Transaction Credit amount

fill in the blank $28$

fill in the blank $30$

Cash Dividends

fill in the blank $32$

fill in the blank $34$

$2.$ 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 $$4,722,000$ to the retained earnings account. If an amount box does not require an entry, leave it blank.

Jan. $15.$ Paid cash dividends of $$0\mathrm{.}12$ per share on the common stock. The dividend had been properly recorded when declared on December $1$ of the preceding fiscal year for $$21,600.$

Date Account Debit Credit

Jan. $15$

fill in the blank $36$

fill in the blank $37$

fill in the blank $39$

fill in the blank $40$

Mar. $15.$ Sold all of the treasury stock for $$17$ per share.

Date Account Debit Credit

Mar. $15$

fill in the blank $42$

fill in the blank $43$

fill in the blank $45$

fill in the blank $46$

fill in the blank $48$

fill in the blank $49$

Apr. $13.$ Issued $40,000$ shares of common stock for $$720,000$

Date Account Debit Credit

Apr. $13$

fill in the blank $51$

fill in the blank $52$

fill in the blank $54$

fill in the blank $55$

fill in the blank $57$

fill in the blank $58$

June $14.$ Declared a $4\%$ on common stock, to be capitalized at the market price of the stock, which is $$20$ per share.

Date Account Debit Credit

June $14$

fill in the blank $60$

fill in the blank $61$

fill in the blank $63$

fill in the blank $64$

fill in the blank $66$

fill in the blank $67$

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

Date Account Debit Credit

July $16$

fill in the blank $69$

fill in the blank $70$

fill in the blank $72$

fill in the blank $73$

Oct. $30.$ Purchased $13,000$ shares of treasury stock for $$19$ per share.

Date Account Debit Credit

Oct. $30$

fill in the blank $75$

fill in the blank $76$

fill in the blank $78$

fill in the blank $79$

Dec. $30.$ Declared a $$0\mathrm{.}15-$per$-$share dividend on common stock.

Date Account Debit Credit

Dec. $30$

fill in the blank $81$

fill in the blank $82$

fill in the blank $84$

fill in the blank $85$

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

Date Account Debit Credit

Dec. $31$

fill in the blank $87$

fill in the blank $88$

fill in the blank $90$

fill in the blank $91$

fill in the blank $93$

fill in the blank $94$

$3.$ Prepare a statement of stockholders$$ equity for the year ended December $31,20$Y$1.$ Assume that net income was $$4,722,000$ for the year ended December $31,20$Y$1.$ For those boxes in which you must enter subtracted or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank.

Nav$-$Go Enterprises Inc.

Statement of Stockholders$$ Equity

For the Year Ended December $31,20$Y$1$

Line Item Description Common Stock Paid$-$In

Capital in

Excess of

Stated Value Paid$-$In

Capital from Sale of

Treasury Stock Retained

Earnings Treasury

Stock Total

$fill in the blank $96$

$fill in the blank $97$

$fill in the blank $98$

$fill in the blank $99$

$fill in the blank $100$

$fill in the blank $101$

fill in the blank $103$

fill in the blank $104$

fill in the blank $105$

fill in the blank $107$

fill in the blank $108$

fill in the blank $110$

fill in the blank $111$

fill in the blank $113$

fill in the blank $114$

fill in the blank $115$

fill in the blank $116$

fill in the blank $118$

fill in the blank $119$

fill in the blank $120$

fill in the blank $122$

fill in the blank $123$

$fill in the blank $125$

$fill in the blank $126$

$fill in the blank $127$

$fill in the