Tres TOT Shock Dividends 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 (800,000 shares authorized; 500,000 shares issued), $4 par, $2,000,000; Paid-in capital in excess of par-common stock, $1,000,000; and Retained earnings, $33,500,000. The board of directors declared a 2% stock dividend when the market price of the stock was $13 a share. Serior Life Co. reported no income or loss for the current year. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown 1. Journalize the entry to record the declaration of the dividend, capitaluing an amount equal to market value. Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock 3 Racal that a stock dividend affects enly stockholders' equity. 2. Journalize the entry to record the issuance of the stock certificates Stock Dividende Distributable Common Stock What is the company giving in the stockhofers