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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 $0.15 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $75,600. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 105,000 shares of common stock for $1,680,000. June 14. Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. July 16. Issued shares of stock for the stock dividend declared on June 14. Oct. 30. Purchased 35,000 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. appropriate. If required, round to one decimal place. Paid-In Capital in Excess of Stated Value-Common Stock 2. Journalize the entries to record the transactions. For a compound transaction, 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 105,000 shares of common stock for $1,680,000 June 14. Declared a 4% 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 35,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.18-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 $13,218,000 for the year ended December 31,20Y1. For those box which you must enter subtracted or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank or enter " 0 ". Alpha-numeric input field

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