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Nav-Go Enterprises inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockhoiders' equity accounts, with baiances on lanuary 1, 20r1, are as foilowsi The following selected transactions occurred during the vear: Jan. 15. Paid cash dividends of s0.12 per share on the common stock. The dividend had been properly recorded when declared an December 1 . of the preceding fiscal yeer for 123,760 . Mar. 15. Sold all of the treasury stock for s18 per share. Apr. 13. Issued 40,000 shares of comanon stock for $18 per share. June 14. Dedared a 546 stock dividend on common stock, to be capitalized at the market price of the stock, which is szo per share. July 16. Issued stock for the stock dividend deciared on June 14. Oct. 30. Purchased 14,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.15-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. Taccounts 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 \begin{tabular}{l|l|} \hline & \begin{tabular}{l} Jan. 1 Bal. \\ Apr. 13 \end{tabular} \\ & July 16 \\ \hline Dec. 31 Bal. \end{tabular} Paid-In Capital in Excess of Stated Value-Common Stock \begin{tabular}{ll|ll} & \multicolumn{2}{c}{ Treasury Stock } \\ \hline Jan. 1 Bal. & & \\ & & & \\ \hline & & \\ \hline Dec. 31 Bal. & & \end{tabular} 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 $5,190,000 to the retained eamings account. If an amount box does not require an entry, leave if blank. Jan. 15. Paid cash dividends of so,12 per share on the comenon stock. The dividend had been properly recorded when declared on Deckmber 1 of the preceding fiscal year for $23,760. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 40,000 shares of common stock for $720,000 June 14. Declared a 5% on common stock, to be capitalized at the market price of the stock, which is $20 per share. July 16. Issued stock for stock dividend declared on June 14. Oct. 30. Purchased 14,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.15-per-share dividend on common stock. Dec. 31. Closed the two dividends accounts to Retained Earnings. 3. Prepare a statement of stockholders' equity for the year ended December 31, 20Y1. Assume that net income was 55,190,000 for the year anded December 31, 20Y1. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If an amount box does not recuire an entry, leave it biank. 4. Prepare the "Stockholders' Equity" section of the December 31, 20Y1, balance sheet. For those boxies in which you must enter subtracted or negative numbers usen a minus sign

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