Entries for Stock Dividends Advanced Ufe Ca. is an HMO for businesses in the Abuquerque area. The following account balances appear on the balance sheet of Advanced tife Co.t Comman stock (220,000 shares authorzed; ; 4,000 shares issued), $25 pat, $100,000; Paid-in capitat in excess of par-common stock, $20,000; and Retained earmings, $1,200,000. The board of directors declared a 2% stock dividend when the market price of the stock was $34 a share. Advanced Life. Co, reported no income or loss for the current vear; 2. Journalize the entry to record the issuance of the stock certificates. If an amount box does not require an entry, leave it blank. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) totai stockhoiders c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) totai paid-in capital, retained earnings, and (3) total stockholders' equity