Question 7 Waterway, Inc. declares a 10% common stock dividend when it has 31500 shares of $10 par value common stock outstanding. If the market value of $26 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are: Stock Dividends Paid-in Capital in Excess of Par Paid-in Capital in Excess of Par Stock Dividends $81900 $31500 $31500 $0 $31500 $50400 $81900 $50400