a$1.$ Joumalise the enity to record the dedaration of the dividend, capitaliang an amount equal to market value.

$2.$ Joumulice the entry to record the issuance of the stock certificates.

Stack Dindends Destribstatie $=$

Commonstack $$

Fintent

Fomintas

b$.$ Detemine the following amounts before the stack dividend was declared: $(1)$ total poid$-$in capital, $(2)$ total retained earnings, snd $(3)$ total stockholders' equity.

Tobal resained eamings

Total stackhalders equity

Tiebal padtin capital

Totel rexined earnings

Total stockholisers' equily