retained earnings account. If an amount box does not require an entry, leave it blank. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 55,000 shares of common stock for $880,000 Paid-In Capital in Excess of Stated Value-Common Stock \begin{tabular}{l|lr} \hline & Jan. 1 Bal. & 1,240,000 \\ & Apr. 13 - & 330,000 \\ & June 14 - & 134,000 \\ \hline & Dec. 31 Bal. & \\ \hline \end{tabular} \begin{tabular}{l|l|l} \multicolumn{5}{c}{ Retained Earnings } \\ \hline \hline Dec. 31 & Jan. 1 Bal. \\ & Dec. 31 \\ \hline & Dec. 31 Bal. \end{tabular} Nav-Go Enterprises Inc. Balance Sheet December 31, 20Y1 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Total Stockholders' Equity Dec. 30. Declared a $0.17 per-share dividend on common stock. Dec. 31. Closed the two dividends accounts to Retained Earnings. Paid-In Capital from Sale of Treasury Stock Mar. 15 Stock Dividends Distributable July 16 June 14 Stock Dividends June 14 Dec. 31 Cash Dividends Dec. 30 Dec. 31 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: The following selected transactions occurred during the year: Jan. 15. Paid cash dividends 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 $35,280. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 55,000 shares of common stock for $16 per share. June 14. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. July 16. Issued stock for the stock dividend declared on June 14. Oct. 30. Purchased 18,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.17-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. June 14. Declared a 5% on common stock, to be capitalized at the market price of the stock, which is $18 per share. July 16. Issued stock for stock dividend declared on June 14. Oct. 30. Purchased 18,000 shares of treasury stock for $20 per share. enter subtracted or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank