Entries for Stock Dividends Senior ute Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Co. Common stock (390,000 shares authorised; 3,000 shares issued) $50 par, $400,000; Pald-in Capital in excess of par- common stock, $80,000, and Retained earnings, $4,000,000. The board of directors declared a 2 stock dividend when the market price of the stock was $61 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 11. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value a2. Journalue the entry to record the issuance of the stock certificates b. Determine the following amounts before the stock dividend was declared (1) total pard in capital (2) Total paid in capital Total retained earnings Total stockholders' equity c. Determine the following amounts after the stock dividend was declared and closir 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