eBook Show Me How B Calculator Printem Entries for Stock Dividende Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co. Common stock (220,000 shares authorized: 3.000 shares issued) $75 par $225,000, Puid-In Capital in excess of par common stock. $24.000; and Retained earnings. $1,800,000. The board of directors declared a 19 stock dividend when the market price of the stock was $100 a share. Senior Life Co. reported no income or loss for the current year. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required from the dropdown al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. Stock Dividends 3,090 Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock 840 Feedback Check My Vio Recall that a stock dividend affects only stockholders' equity. a2. Journalize the entry to record the issuance of the stock certificates Stock Dividends x 2,250 Common Stock 2.250 Feedback Oh My Work Partially correct b. Determine the following amounts before the stock dividend was declaredo (1) total paid in capital (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital $ 249,000 Total retained earnings Total stockholders' equity c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity Check My Work Previous Next > Check My Work 1 more Check My Work uses remaining All work saved. Email Instructor Save and Back Submit Assignment for Grading