On September 30, 2017, Walman Corporation's common stock is priced $55 per share before any dividend or split, and the stockholders' equity section of its balance sheet appears as follows:

Common stock - $20 par value, 350,000 shares authorized.

150,000 issued and outstanding $1,500,000

Paid-in capital in excess of par value, common stock 520,000

Retained Earnings 1,894,000

Total stockholders' equity $3,914,000

Assume that the company declares and immediately issues a 50% stock dividend.

a, Record the journal entry for stock dividend. Show your calculations to receive credit.

b. What is the ending valie in the following accounts: Paid-in capital in excess of par, and retained earnings?