Entries for selected corporate transactions 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, $10 stated value (750,000 shares authorized, 500,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (50,000 shares, at cost) The following selected transactions occurred during the year: $5,000,000 950,000 11,350,000 750,000 Jan. 15. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $67,500. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 95,000 shares of common stock for $18 per share. June 14. Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $20 per share. July 16. Issued stock for the stock dividend declared on June 14. Oct. 30. Purchased 31,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.18-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Required: 1. 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. Check My Work Common Stock Jan. 1 Bal. Dec. 31 Bal. Paid-In Capital in Excess of Stated Value-Common Stock Jan. 1 Bal. Dec. 31 Bal. 3,100,000 1,240,000 Email Instructor Save and Buit Dec. 31 Paid-In Capital in Excess of Stated Value-Common Stock Jan. 1 Bal. Apr. 13 June 14 Dec. 31 Bal. Retained Earnings 1,240,000 Jan. 1 Bal. 4,875,000 Dec. 31 Dec. 31 Bal. Treasury Stock Jan. 1 Bal. 288,000 Mar. 15 Oct. 30 Dec. 31 Bal. July 16 June 14 Paid-In Capital from Sale of Treasury Stock Mar. 15 Stock Dividends Distributable June 14 Stock Dividends Dec. 31 Dec. 30 Cash Dividends Dec. 31