At September 30, the end of Beijing Companys third quarter, the following stockholders equity accounts are reported. Common stock, $14 par value $ 360,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 300,000 In the fourth quarter, the following entries related to its equity are recorded: Date General Journal Debit Credit Oct. 2 Retained Earnings 70,000 Common Dividend Payable 70,000 Oct. 25 Common Dividend Payable 70,000 Cash 70,000 Oct. 31 Retained Earnings 71,000 Common Stock Dividend Distributable 34,000 Paid-In Capital in Excess of Par Value, Common Stock 37,000 Nov. 5 Common Stock Dividend Distributable 34,000 Common Stock, $14 Par Value 34,000 Dec. 1 MemoChange the title of the common stock account to reflect the new par value of $4. Dec. 31 Income Summary 210,000 Retained Earnings 210,000