A company with 80,200 authorized shares of $6 par common stock issued 46,016 shares at $12 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $23 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

On January 1, 2014, the Queen Corporation issued 9% bonds with a face value of $50,000. The bonds are sold for $48,500. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2018. Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31, 2014.