Entres for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Incu with balances on danuary 1, 20Y5, are as follows The tolsoving selectied transactions occurred dunng the yean Jan. 22. Paid cash divibends of $0.14 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $32,760. Apr 10. lssued 50,000 shares of common stock for $ tho, 5,000 . June 6. Sold all of the treasury stock for $468,000. July 5. Declared a 4% stock dividend on commen stock, to be capitalized at the market price of the stock. which is s $20 per share. Aug. 15; istued the certicates for the dividend declared on July 5. Nov. 23. Purchased 16,000 shares of treasury stock for $320,000. Dec. 28. Declared a s0.17-pershare dividend on commen stock. 31. Cosed the credit halarice of the income tummary account, 36.136,000. 31. Closed the bwo dividende acrounts to Retaned Eacnings. Required: Entres for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Incu with balances on danuary 1, 20Y5, are as follows The tolsoving selectied transactions occurred dunng the yean Jan. 22. Paid cash divibends of $0.14 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $32,760. Apr 10. lssued 50,000 shares of common stock for $ tho, 5,000 . June 6. Sold all of the treasury stock for $468,000. July 5. Declared a 4% stock dividend on commen stock, to be capitalized at the market price of the stock. which is s $20 per share. Aug. 15; istued the certicates for the dividend declared on July 5. Nov. 23. Purchased 16,000 shares of treasury stock for $320,000. Dec. 28. Declared a s0.17-pershare dividend on commen stock. 31. Cosed the credit halarice of the income tummary account, 36.136,000. 31. Closed the bwo dividende acrounts to Retaned Eacnings. Required