Entries for Stock Dividends Healthy Life Co. is an HMD for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (3,000,000 shares authorized; 2,200,000 shares issued), $15 par, $33,000,000; Paid-in capital in excess of par-common stock, $9,000,000; and Retained earnings, 589,550,000. The board of directors dedared a 5% stock dividend when the market price of the stock was $18 a share. Healthy Life reported no income or loss for the current year. For a compound transaction, 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 Feedback Check My Work Recall that a stock dividend affects only stockholders' equity. Learning Objective 3. a2. Journalize the entry to record the issuance of the stock certificates b. Determine the following amounts before the stock dividend was declared: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders' equity Total paid-in capital Total retained earnings Total stockholders' equity x 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 camnings, and (3) total stockholders' equity. Total paid in capital Total retained earnings X Total stockholders' equity