INSTRUCTIONS: Use above data to answer (C)

The data you need to complete instruction (c) is in the completed "Instruction (b)" below. "Completed" Instruction (b) Common Stock 1/1 Bal. 1,600,000 240,000 1,840,000 12/31 12/31 Retained Earnings 300,000 1/1 Bal. 172,000 12/31 12/31 Bal. 7/31 750,000 500,000 778,000 12/31 Bal. --------- ------- Paid-in Capital in Excess of Par Value 1/1 Bal. 240,000 7/1 60,000 12/31 Bal. 300,000 Common Stock Dividends Distributable 7/31 240,000 7/1 240,000 12/31 Bal. -0- 2/1 12/1 12/31 Bal. Cash Dividends 80,000 92,000 12/31 -0-)... Stock Dividends 7/1 300,000 12/31 12/31 Bal. -0-1 172,000 300,000 (c) Lamar Corporation Partial Balance Sheet December 31, 2017 Stockholders' equity Paid-in capital