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

Common stock - $10 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 $1,914,000

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

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

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

c. Assume the same information as above, except the stock dividend rate is 15%.

Record the journal entry for stock dividend. Show your calculations