Advanced Life Co. Is an HMO for businesses in the Albuquerque area. The following account balances appear on the balance shiect of Advanced Life Co.1 Common stock ( 340,000 shares authorized; 7,000 shares issued), $75 par, $525,000; Pald-in capital in excess of par-common stock, $56,000; and Retained carnings, $4,725,000. The board of directors declared a 1% stock dividend when the market price of the stack was $97 a share. Advanced Life Co. reported no income or loss for the current year. a1. Journalize the entry to record the declaration of the dividenid, capitalizina an amount equal to market value. If an amount box does not require an entry, leave it blank. a2. Journalize the entry to record the issuance of the stock certificates, if an amount box does not require an entry, leave it blank. b. Determine the following amounts before the stock dividend was dedared: (1) total paid-in capital, (2) total retained eamings, and (3) total stockholders' equity. c. Determine the following amounts after the stock dividend was dedared and closinu entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. roes vr wer Identify the balances of all the equity accounts before the stock dividand. What effect does a stock dividend have on the equity. accounts? What account(s) woild increase and what account(5) would decrease