urgent help I'll rate need an hour

The following account balances appear on the balance sheet of Osgood Industries:

Common Stock (300,000 shares authorized, $100 par)	$10,000,000
Paid-In Capital in Excess of ParCommon Stock	2,000,000
Retained Earnings	45,000,000

The board of directors declared a 2% stock dividend when the market price of the stock was $135 per share.

	Required:
(1)	Journalize the entries to record:*
(a)	Declaration of the dividend, capitalizing an amount equal to market value
(b)	Issuance of the stock certificates
(2)	Determine the following amounts before the stock dividend was declared:
(a)	Total paid-in capital
(b)	Total retained earnings
(c)	Total stockholders equity
(3)	Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year:
(a)	Total paid-in capital
(b)	Total retained earnings
(c)	Total stockholders equity
	*Refer to the Chart of Accounts for exact wording of account titles.

Chart Of Accounts

CHART OF ACCOUNTS

Osgood Industries

General Ledger

	ASSETS
110	Cash
120	Accounts Receivable
131	Notes Receivable
132	Interest Receivable
141	Merchandise Inventory
145	Supplies
151	Prepaid Insurance
181	Land
191	Buildings
192	Accumulated Depreciation-Building
193	Equipment
194	Accumulated Depreciation-Equipment

	LIABILITIES
210	Accounts Payable
221	Notes Payable
226	Interest Payable
231	Cash Dividends Payable
241	Salaries Payable
261	Mortgage Note Payable

	EQUITY
311	Preferred Stock
312	Paid-In Capital in Excess of Par-Preferred Stock
321	Common Stock
322	Paid-In Capital in Excess of Par-Common Stock
323	Paid-In Capital in Excess of Stated Value-Common Stock
331	Treasury Stock
332	Paid-In Capital from Sale of Treasury Stock
336	Stock Dividends Distributable
340	Retained Earnings
351	Cash Dividends
352	Stock Dividends

	REVENUE
410	Sales
610	Interest Revenue

	EXPENSES
510	Cost of Merchandise Sold
515	Credit Card Expense
520	Salaries Expense
531	Advertising Expense
532	Delivery Expense
533	Rent Expense
534	Insurance Expense
535	Supplies Expense
536	Organizational Expenses
561	Depreciation Expense-Building
562	Depreciation Expense-Equipment
590	Miscellaneous Expense
710	Interest Expense

General Journal

Journalize the entries to record the declaration of the dividend, capitalizing an amount equal to market value on December 31. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2
3

Journalize the entries to record the issuance of the stock certificates on December 31. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2

Final Question

Determine the following amounts before the stock dividend was declared:

Total paid-in capital	$
Total retained earnings	$
Total stockholders equity	$

Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year:

Total paid-in capital	$
Total retained earnings	$
Total stockholders equity	$