Identifying and Analyzing Financial Statement Effects of Dividends The stockholders' equity of Kinney Company at December 31, 2011, is shown below.

5% preferred stock, $100 par value, 10,000 shares authorized; 4,000 shares issued and outstanding	$ 400,000
Common stock, $5 par value, 200,000 shares authorized; 50,000 shares issued and outstanding	250,000
Paid-in capital in excess of par valuepreferred stock	40,000
Paid-in capital in excess of par valuecommon stock	300,000
Retained earnings	656,000
Total stockholders' equity	$1,646,000

The following transactions, among others, occurred during 2012: Apr. 1 Declared and issued a 100% stock dividend on all outstanding shares of common stock. The market value of the stock was $11 per share. Dec. 7 Declared and issued a 3% stock dividend on all outstanding shares of common stock. The market value of the stock was $14 per share. Dec. 20 Declared and paid (1) the annual cash dividend on the preferred stock and (2) a cash dividend of 80 cents per common share. Can anyone explain the journal entry for each of these transactions on April. 1, Dec. 7, and Dec. 20?

As you can see, I have listed the answers,

The calculation for the second entry is 100,000 * 3% * 14 = 42,000

The calculation for the third entry is (100,000+3,000) * 0.80 = 82,400

What I need your help with is to figure out where are these 100,000 shares of common stocks?? it was not indicated in the question, so how do you calculate?????

Thanks

Journal entry for April 1 Retained Earnings Common Stock Distributable 250,000 250,000 Journal Entry for Dec. 7 Retained Earnings Common Stock Distributable excess of par 42,000 15,000 27,000 Journal Entry for Dec. 20 Retained Earnings Dividend Pay able - Common 82,400 19 82,400