Entries for Stock Dividends Advanced Ufe Co. is an HMO for businesses in the Nboquerque area. The following sccount balances appear on the balance sheet of Advanced life Co.t Common stock (290,000 shares authorized; 6,000 , shares issued), $125 par, $750,000; Dald-in capital in excess of par- common stock, $150,000; and Reteined earnings, $6,000,000. The board of directors declared a 2% stock dividend when the market price of the stock was $159 a share. Advanced Lfe Co, reported no income or kess for the current year. a1. Journalize the entry to record the declaration of the dividend, capitaliging an amount equal to market walve, If an arnount bor does not require an entry, leave is c. Determine the following amounts after the stock dividend was declared and closing entrier were recorded at the end of the vede: (1) total paid-in capital, (2) total retained earfings; and (3) total stockhelders' equity