Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co. Common stock (390,000 shares authorized; 6,000 shares issued), $125 par, $750,000; Paid-In Capital in excess of par-common stock, $78,000; and Retained earnings, $6,000,000. The board of directors dedared a 1% stock dividend when the market price of the stock was $174 a share. Senior Life Co. reported no income or loss for the current year. If an amount box does not require an entry, leave it blank. If no entry is required, selectNo entry required" from the dropdown. al. Journalize the entry to record the dedaration of the dividend, capitalizing an amount equal to market value. Stock Dividends 10,440 Stock Dividends Distributable 7,500 Paid In Capital in Excess of Par Common Stock3,120 a2. Journalize the entry to record the issuance of the stock certificates. ) Stock Dividends 7,500 Common Stock 7,500 b. Determine the following amounts before the stock dividend was dedared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity c. Determine the following amounts after the stock dividend was dedlared and closing entries were recorded at the end of the year: (2) total. 828,000 6,000,000 6,828,000