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Fieality Lite Co is an KMO for businesses in the Fresno area. The following acoount balances appear oa Heately Lite's baiance sheet: ( 800,000 shares
Fieality Lite Co is an KMO for businesses in the Fresno area. The following acoount balances appear oa Heately Lite's baiance sheet: ( 800,000 shares authonzed: 460,000 shaves issuedi, 54 pac, 51,840,000 - Pisfth cepelal in excess of par-common shock, 5600,000 , and Hetained eamingas; 531,940,000. The board of directors declared a 24. stock didend when the market hice of the stock was $12 a share. Healty Life repored no inecene or lons for the current yeaf. Aequired: a doumalte the entries to record (t) the declaraton of the dwidend, cepelaking an amount equat fo merket vatie, and (2) the issuance of Me stockcemifichas 4. Determhe the folowing anounte betore the stock divond was dedared (1) fokal paid-in capitat (2) foral retained eamingw, and (2) foval abcitolitis'equity in capotal, (2) total retaned eamigs, and (3) botal slock holdera' equily
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