A Exercises & Problems ebook Show Me How Calculator Entries for Stock Dividends Senior Life Co. is an MMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior ute Co. Common stock (310,000 shares withared 8.000 shares issued) $25 par, $200,000; Pald-in Capital in excess of par common stock, $24,000; and Retained earnings, 12,000,000. The board of directors declared stock vided when the market price of the stock was $33 a share. Senior Life Co. reported no income or loss for the current year. If an amount box does not require an entry, have it blank. If no entry is required, elect "No entry required from the dropdown. al. Journalue the entry to record the declaration of the dividend, Capitaluring an amount equal to market value 8 a 2. Journalize the entry to record the issuance of the stock certificates b. Determine the following amounts before the stock dividend was declared: (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 declared and closing entries were recorded at the end of the year (1) total pain (2) red cars and (1) total stockholders' equity Previous Not Check My Work 2 more Check My Work uses remaining Submit Alignment for Grading Email Instructor All work saved