A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $2, 700,000. Based on this information, the legal capital is $2, 780,000. number of shares issued is 2, 780,000. average price per share issued is $3.48. On January 1. Hamblin corporation had 90,000 shares of $10 par value common stock outstanding. On March 17 the company declared a 10% stock dividend to stockholders of record on March 20. Market value of the stock was $ 13 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a credit to Cash for $90,000. debit to Common Stock Dividends Distributable for $90,000. credit to Paid-in Capital in Excess of Par Value for $27,000. debit to Stock Dividends for $27,000