Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Lifes balance sheet: Common stock (270,000 shares authorized ; 4,000 shares issued), $75 par, $300,000; Paid-In Capital in excess of par common stock, $32,000; and Retained earnings, $2,400,000. The board of directors declared a 2% stock dividend when the market price of the stock was $100 a share. Healthy Life 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.

a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.

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		fill in the blank 4df8c6047f99022_5	fill in the blank 4df8c6047f99022_6
		fill in the blank 4df8c6047f99022_8	fill in the blank 4df8c6047f99022_9

a2. Journalize the entry to record the issuance of the stock certificates.

		fill in the blank daf5b3fd7fb0042_2
			fill in the blank daf5b3fd7fb0042_4

b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.

Total paid-in capital	$fill in the blank ef3319f6afbc01a_1
Total retained earnings	$fill in the blank ef3319f6afbc01a_2
Total stockholders' equity	$fill in the blank ef3319f6afbc01a_3

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 earnings, and (3) total stockholders' equity.

Total paid-in capital	$fill in the blank ef3319f6afbc01a_4
Total retained earnings	$fill in the blank ef3319f6afbc01a_5
Total stockholders' equity	$fill in the blank ef3319f6afbc01a_6