Heavity Lite Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: (800,000 shares authorized; 460,000 shares issued), 55 par, $2,300,000; Paiden capital in excess of par-common stock, $850,000; and Betained earnings, 534,950,000. The board of directors deciared a 24\% stock dividend when the market price of the stock was $15 a share. Healhy Life reported no income or loss for the current year. Aequired: a. Joumalize the entries to record (1) the deciaration of the dividend, capializing an amount equal fo market value, and (2) the issuance of the stock cortificates. b. Determine the following amoun's before the stock dividend was declared: (1) total paid-in capitad, (2) total retained earnings, and (3) totat stockholders' eauify. c. Determine the following amounts after the stock diviend was declared and closing entries ware recorded at the end of the year (1) total paidin capital, (2) total rotained eamings, and (3) totat stockholders' equity. Chart of Accounts CHART OF ACCOUNTS Healthy Life Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue 131 Notes Recelvable 132 Interest Receivable EXPENSES 141 Inventory 510 Cost of Goods Sold 145 Office Supplies 515 Credit Card Expense 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 193 Equipment 532 Delivery Expense 194 Accumulated Depreciation-Equipment 533 Selling Expenses 534 Rent Expense LIABILITIES 535 Insurance Expense 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses Chart of Accounts 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 590 Miscellaneous Expense 241 Salaries Payable 710 Interest Expense 261 Mortgage Note Payable EQUITY 236 Stock Dividends Distributable 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends a. Joumalize the entries to record (1) the dectarafion of the dividend on December 1, capitaifing an amount equal to market value, and (2) the issuance of the stock cortilicates an December 31. b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capitat, (2) total retained eamings, and (3) total stockboldori eguily. c. Determine tho following amounts affer the stock dividend was declared and olosing entrles were reconded at the end of the yoar: (1) total paid-in capital, (2) fotal retained oumings and (3) total stockholders' equily