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Entries for Stock Dividends Advanced Life Co. is an HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet

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Entries for Stock Dividends Advanced Life Co. is an HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet of Advanced Life Co: common stock (390,000 shares authorized; 3,000 shares issued), $25 par, 675,000; Pald-in capital in excess of par- common stock, $15,000; and Retained earnings, $900,000. The board of directors declared a 19 stock dividend when the market price of the stock was $34 a share. Advanced Ufe Co. reported no income or loss for the current year al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. If an amount box does not require an entry, leave it blank. a2. Soumalize the entry to record the ance of the stock certificaten, an amount box does not require an entry, leave it blank b. Determine the following amounts before the stock dividend was declared (t) total poid-in capital, (2) total retained earnings, and (3) total stockholders'uty Total paid in capital Totalreaming b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity Total pald-in capital 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 peld-in capital Total retained earnings Total stockholders' equity

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