[Eli14]

Common stock—$10 par value, 100,000 shares authorized, 45,000 shares issued and outstanding	$	450,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		460,000
Total stockholders’ equity	$	980,000

Record the declaration of a cash dividend of $4 per share

[ma0641]

Well, did you record it? $4 X??